FAURECIA INAUGURATES NEW PLANT IN MOROCCO TO SUPPORT THE GROWTH OF ITS SEATING BUSINESS

Salé, Rabat-Salé-Zemmour-Zaër, Morocco, Jun 13, 2017,  by Faurecia

Faurecia, one of the world's largest automotive equipment suppliers, opened a new seating plant in Morocco today. The official inauguration ceremony in Salé was attended by Moulay Hafid Elalamy, Minister for Industry, Trade, Investment & the Digital Economy, and Patrick Koller, Chief Executive Officer of Faurecia.

Faurecia has invested 170 million dirhams in the new 12,800 square meter site, leading to the creation of 1,300 jobs with a potential 500 additional employees in the future. The plant has a daily production output of 10,000 leather and fabric seat covers, in particular for the Peugeot 3008 and 5008. The level of employee training, their established expertise in textiles, and the site's state-of-the-art digital production system make Salé a benchmark for the industry.

 

On this occasion, Mr. Secretary El Alamy assured that "the industrial partnership engaged with Faurecia is creating value for the development and the performance of our car industry. By renewing the choice of Morocco, Faurecia participates actively in the deployment of the vision for the sector: enrich local value chains and strengthen our production network."

 

Patrick Koller, Chief Executive Officer of Faurecia declared: “Today's event is a milestone in Faurecia's history in Morocco, where we have been operating since 2009. Morocco is a strategic hub close to our customers and is an ideal base for the development of our business. We plan to strengthen our presence in the country by opening a third manufacturing site in Kenitra for our Interiors and Clean Mobility businesses in 2018.” 

 

With the Kenitra and Salé sites in Morocco, and the Ben Arous site in Tunisia, Faurecia is the leading manufacturer of automotive seat covers in North Africa.

Founded in 1997, Faurecia has grown to become a major player in the global automotive industry. With 330 sites including 30 R&D centers in 34 countries around the world, Faurecia is now a global leader in its three areas of business: automotive seating, interior systems and clean mobility. Faurecia has focused its technology strategy on providing solutions for smart life on board and sustainable mobility.  In 2016, the Group posted total sales of €18.7 billion. At December 31, 2016, Faurecia employed 100 000 people in 35 countries at 300 sites including 30 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange and trades in the U.S. over-the-counter (OTC) market. For more information, visit www.faurecia.com    

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