Le Matin – Yazaki and Sumitomo invest 912 million DH in the Moroccan automotive industry

The two memoranda of understanding for the creation of four factories in the automotive sector were signed yesterday in Casablanca.

The automotive industry is developing in Morocco. The two Japanese groups Yazaki and Sumitomo are agreeing to new investments which will generate thousands of jobs. Two memoranda of understanding for the creation of four factories with a total investment of 912 million dirhams, with 8,300 jobs, were signed Tuesday in Casablanca, during a ceremony chaired by the Minister of Industry, trade and green and digital economy, Moulay Hafid Elalamy.
These investments relate to the construction of new industrial units for the production of cable harnesses by the two Japanese groups, indicates the ministry. Thus, Yazaki will invest 462 million dirhams in the extension of its Moroccan activities through the creation of three new factories in Tangier, Kénitra and Meknes. Some 6,300 jobs should thus be generated. Sumitomo will mobilize, meanwhile, 450 million dirhams to create its fifth factory in Casablanca in order to meet the needs of its customers FCA and CNH Global. This investment will create 2,000 jobs, indicates the same source. Remember that the Yazaki group has been present in Morocco since 2000, through a factory in Tangier employing 4,650 people, two others in Kenitra with a workforce of 4,200 people and a fourth in Meknes employing 4,000 people. Its turnover in Morocco amounts to 5 billion dirhams per year.
For its part, Sumitomo settled in Morocco in 2001 through 3 subsidiaries: Sews MFZ, SEBN and SewsCabind. With 25,000 jobs created, this group employs within its SewsCabind company more than 6,300 people in its 4 production plants, including two in Aïn Harrouda in the Casablanca region, one in Casablanca and another in Berrechid.

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