The American TI Automotive does not waste its time in Morocco. Just six months after the creation of its second subsidiary TI Automotive Thermal Morocco (TIATM), the automotive supplier based in Michigan (North East State of the United States), has just obtained validation by the relevant authorities of the study of the environmental and social impact of its future thermal components manufacturing plant for the automotive industry.
This sesame is synonymous with the imminent launch of the construction of this second industrial unit in Morocco of the TI Automotive group, after the start of operation in 2017 of its Tangier Free Zone plant and which is carried out by TI Automotive Morocco.
It must be said that the success of this first Moroccan unit (which manufactures its systems for the transport of engine fluids such as fuel or brake fluid) and the potential of the Moroccan automotive market, have prompted the group listed on the London Stock Exchange to accelerate its investments in Morocco and make it its main production platform in the South Mediterranean and the second in Africa after South Africa (first country in the Black continent where the group has four industrial units).
This time, the planned investment in Tangier Med is significantly higher than that achieved three years earlier in Tangiers Free Zone, with an envelope of more than 16 million euros (more than 175 million euros) of which nearly 20% have already been released by the parent company for the acquisition of land and the financing of studies. It must be said that TIATM plans to produce some 4.5 million meters of tubes per year mainly from European equipment manufacturers, especially German.
Recall that the TI Automotive group was founded in 1922. In 2017, this multinational has achieved a consolidated turnover of 3.5 billion dollars (more than 33 billion dirhams), for a total number of employees closely 28,000 employees at 130 sites in 28 countries.