The group’s determination to put its new Africa-based plant in Morocco reflects the country’s potential as a promising market for the automotive industry. The new production site for steering systems, worth MAD 220 million, covers an area of 11,300 square meters.
State Secretary to the Minister of Industry Othman El Ferdaous said during the inauguration that the JTEKT group plant has created 90 jobs in the automotive industry and spare parts sector in Morocco. Minister of Trade and Industry Moulay Hafid Elalamy said last year that the company invested around €20 million for the construction of its new plant. JTEKT’s plant is expected to start production in 2020 and aims to produce 300,000 units in its first year.
The Japanese group JTEKT Corporation opened a new plant in Tangier Automotive City on Wednesday, October 9. The new production site for steering systems, worth MAD 220 million, covers an area of 11,300 square meters. State Secretary to the Minister of Industry Othman
El Ferdaous said during the inauguration that the JTEKT group plant has created 90 jobs in the automotive industry and spare parts sector in Morocco. “The factory is not only dedicated to the manufacture of automotive plants but also a school for Moroccan workers, which Japanese investors consider highly competent and in line with technological developments,” El Ferdaous said.
The executive director of the Japanese company Hirofumi Matsuoka said that the new plant is JTEKT’s “first industrial site on the African continent, expressing the group’s ambition to expand further in order to become the leader in Africa in terms of steering systems production.” The factory is using the latest technologies, he said.
+info: https://www.moroccoworldnews.com/2019/10/284365/japan-jtekt-plant-tangier