Two memorandum of understanding for the creation of four factories in the automotive sector (production of wire harnesses) with an investment of 912 million dirhams and generating 8,300 jobs were signed on Tuesday in Casablanca, between the ministry of Industry, Commerce and Green and Digital Economy and the two Japanese groups Sumitomo and Yazaki.
Yazaki’s investment, amounting to MAD 462 million, consists of extending its activities in Morocco through the creation of three new factories of the group in Tangier, Kénitra and Meknes, creating 6,300 jobs. For its part, Sumitomo is planning the creation of its 5th plant in Casablanca in order to meet the needs of its customers Fiat Chrysler Automobiles (FCA) and CNH Global. This new investment of MAD 450 million should generate 2,000 jobs.
On this occasion, the Minister of Industry, Mr. Elalamy, stressed that these new investments attest to the resilience of the Moroccan industrial sector and the confidence in the Moroccan production platform, including the quality, performance and diversity that offer excellent future and growth prospects to world industrial leaders. “Under the leadership of His Majesty King Mohammed VI, Morocco is on the way to becoming the most competitive automotive hub in the world,” he said. And the minister to support “We intend to continue this momentum by improving the deep integration of our ecosystems and decarbonizing industrial production”.
Present since 2000 in Morocco, through a factory in Tangier employing 4,650 people, two others in Kénitra employing a workforce of 4,200 people and a fourth in Meknes employing 4,000 people, the Yazaki group achieves a turnover of 5 billion dirhams per year in the Kingdom.
As for Sumimoto, it was established in Morocco in 2001 via 3 subsidiaries (Sews MFZ, SEBN and Sews Cabind). The leading employer in Morocco with 25,000 jobs created, this group employs more than 6,300 people within its Sews Cabind company in its 4 production plants, including two in Ain Harrouda, one in Casablanca and another in Berrechid.