Auto parts maker Aptiv mulls relocating Ukraine production to Morocco
Automotive parts manufacturer Aptiv is mulling to relocate some of its production from Ukraine to Morocco, Aptiv’s CEO Still Joseph Massaro said.
“Aptiv, based in Dublin, is trying to shift production to Poland, Romania, Serbia and possibly Morocco,” AP news agency reported citing Massaro.
After the coronavirus pandemic and now the war in Ukraine, Morocco is poised to reinforce its activity as an attractive destination for automotive manufacturers, notably in the area of wiring harness.
Japanese Sumitomo said it was moving its automotive wire harness plants from Ukraine to Morocco and Romania.
Morocco is already home to two plants by French giants PSA and Renault and has built ecosystems in Tangier, Casablanca and Meknes for parts suppliers.
Last month, Morocco announced new investments in wire harness worth $180 million to meet growing demand from electrical vehicles manufacturers.
The automotive sector tops Morocco’s exports with 8.7 billion dirhams in sales in 2021, up 16% compared to 2020.