Business Europe Headlines International Maghreb Morocco

French Automotive Company Sealynx opens a new unit in Tangier

The French automotive company “Sealynx automotive Morocco”, a subsidiary of Sealynx International (GMD group), inaugurated, Wednesday in Tangier, a new production unit specialized in the manufacturing of automotive gaskets. The plant that required a total investment of nearly MAD 240 million aims to meet the growing demand of locally established car manufacturers, including Renault and […]

Business Headlines Maghreb Morocco

Morocco: Car Industry Thriving with Nexteer Opening its 1st African Plant in Kenitra

Morocco’s automotive industry continues to grow at a rapid pace and attract investors thanks to the country’s political stability, low-cost labor, tax incentives and geostrategic position. On Wedesday, Nexteer Automotive opened its first African plant in Kenitra, Morocco in a ceremony attended by Moroccan Minister of Industry, Investment, Trade and Digital Economy, Moulay Hafid Elalamy, […]

Business Emerging Markets Headlines Morocco

PSA Officially Inaugurates its Kenitra Plant

King Mohammed VI chaired, on Thursday in the integrated industrial platform “Atlantic Free Zone”, in the commune of Amer Saflia (province of Kenitra), the inauguration of the new French automaker PSA Peugeot plant worth €557 million. The group’s industrial project in Morocco is based on the creation of a complete automotive ecosystem.   Construction work […]

Business Headlines Morocco

Morocco’s food industry hits 115 billion dirhams in turnover

Morocco’s food industry is a key component of the industrial fabric employing 156,000 people and generating a turnover of 115 billion dirhams, industry, investment and digital economy minister Moulay Hafid Elalamy said. Speaking at the question time at the Lower House of Parliament, Elalamy said that the sector has 1900 production plants, and that the […]

Business Headlines Maghreb Morocco

Textile Vita Couture-Diprints invests 220 Million DH in two factories in Tangier

The Vita couture-Diprints group has opened last week in the Tanger free zone two industrial units specializing in digital fabric printing and ready-to-wear clothing, for an investment of MAD 220 million. The “Diprints” factory, specializing in digital printing on fabric, is the result of a joint venture with the Spanish textile group Santandarina. The factory […]

Americas Business Headlines International Morocco

Bombardier Casablanca plant to continue production after sale off

Bombardier plans to sell off its plant in Casablanca, which will go to an airplane manufacturer that will keep jobs as well as production, Minister for industry and investment Moulay Hafid Elalamy said. The new owner will be a sub-contractor that will continue to supply bombardier with jet parts, he said, citing Airbus, British JKN […]

Americas Business Headlines International Maghreb Morocco

Morocco, Guest of Honor of Montreal’s International Aerospace Week 2019

Morocco is taking part in the fifth edition of the International Aerospace Week of Montreal as guest of honor of this world-class event, which opened Tuesday with the participation of all major aerospace industry leaders and manufacturers. Moroccan Minister of Industry, Investment, Trade, and Digital Economy, Moulay Hafid Elalamy is attending this four-day exhibition, an […]

Business Headlines Morocco

UNIDO Chief Commends Morocco for Inclusive Industrial Growth

UNIDO Director General, LI Yong, has lauded the progress and the efforts made by Morocco to promote inclusive and sustainable industrial development. Speaking during signing ceremony of partnership program held lately in Rabat with Moulay Hafid Elalamy, Morocco’s minister of industry, investment, trade & digital economy, Mr. Li praised the North African country for its […]

Asia Business Headlines International Morocco

India-Morocco: Joint Committee Meets in New Delhi to Boost Bilateral Cooperation

Morocco-India Joint Committee has convened its 6th meeting in New Delhi to look into ways of boosting cooperation between the two countries in industry, agriculture, tourism, fisheries, railways, rural development, health, the pharmaceutical industry, telemedicine, energy, mining, sustainable development, higher education and scientific research. The meeting was chaired by minister of Industry, Investment, Trade and […]

Asia Business Headlines International Morocco

Automotive industry: Indian Varroc Lighting Systems Opens Plant in Morocco

Varroc Lighting Systems opened Tuesday a greenfield 17,000-square meter facility in Tangier, Morocco. The facility produces headlamps, rear lamps, and daytime running lamps for current and future customers located in Morocco, Spain, and France. Speaking on this occasion, Moulay Hafid Elalamy, Minister of Industry, Investment, Trade and Digital Economy, said the opening of this plant […]