Business Europe Headlines International Morocco

Novares Opens Plant in Morocco, Its 1st in North Africa

Novares, a global plastic solutions provider, has opened its first production plant in North Africa, in the Moroccan city of Kenitra. The plant will supply the newly-opened PSA facility in Kenitra and Renault plant in Tangier. This new 10700 m² facility, equipped with a painting zone with a clean room and a clear coat application […]

Europe Finance Headlines International Morocco

Automotive equipment: EBRD Grants Novares Morocco a €16.5 million Loan

The European Bank for Reconstruction and Development (EBRD) has granted Novares Morocco, the Moroccan subsidiary of the French automotive supplier Novares Group, a €16.5 million loan. The amount will be used to finance the Novares project in Morocco, supplying the plants of Peugeot PSA in Kenitra and of Renault in Tangiers. The funds will also […]