American CVG to open plant in Morocco, gateway for European market

American CVG to open plant in Morocco, gateway for European market

Morocco has attracted a new American investor, CVG, a global supplier of electrical systems, which will open a facility in Tangier in the third quarter of 2023.

In a recent press release, the U.S. group said it will also open another facility in Aldama, Mexico. Both locations are expected to employ approximately 1,000 new employees each, and production is targeted for Q3 of 2023. These plants are a cornerstone in CVG’s strategy of expanding its electrification systems business, its global footprint, capacity and capabilities.

“The government of Morocco has helped us tremendously throughout this process and provides excellent job-specific training for our industry,” said Harold Bevis, Pdt & CEO of CVG.

The North African Kingdom is well-known for its availability of technical talent in the electrical manufacturing industry, said Bevis, noting the Tangier plant will employ 1,000 skilled workers once the facility is fully operational.

CVG will deploy its proprietary electrical systems manufacturing processes in the new plants, which will act as hub-and-spoke setups with CVG’s other electrical systems locations. This shared SG&A structure amongst the multiple plants will further minimize cost structure, maintain nimbleness, and increase response times.

Commercial Vehicle Group (CVG) is a leading supplier of warehouse automation and robotic assemblies, electric vehicle assemblies, electrical wire harnesses, seating systems, mechanical assemblies, structures, plastic products and more to the ecommerce, transportation, warehousing, construction equipment, industrial and recreational vehicle markets.

 

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