Moroccan Automotive Sector Gets a Boost with New MP Industry Plant
Tangier, Morocco – The Moroccan automotive industry just shifted into higher gear with the grand opening of MP Industry’s first Moroccan factory in Tangier Automotive City, a part of the Tangier Med industrial platform. This exciting development marks a significant investment by the Romanian group MEN Industry, parent company of MP Industry, specializing in plastic components for the automotive sector.
The new facility, sprawling across an impressive 35,000 square meters, represents a cutting-edge investment of 437.62 million dirhams (approximately $43 million USD based on current exchange rates). Utilizing state-of-the-art plastic injection molding technology, the plant is poised to create 150 direct jobs, providing a welcome boost to the local economy and further solidifying Morocco’s position as a growing automotive manufacturing hub. This investment aligns with the broader trend of increasing foreign direct investment in Morocco, which reached [insert recent FDI statistics for Morocco if available, with source link].
The inauguration ceremony, held on Friday, November 23, 2024, was attended by a host of dignitaries, including Morocco’s Minister of Industry and Trade, Ryad Mezzour. Also present were Ahmed Bennis, Director General of the Tangier Med industrial platform, Jean Droguisco, CEO of Metaplast and MP Industry, Dan Iacob, General Manager of MP Industry Morocco, and Mohamed Bachiri, General Manager of Renault Morocco. Their presence underscores the importance of this partnership and its potential impact on the Moroccan economy.
Ahmed Bennis expressed his enthusiasm for the collaboration with MP Industry and Romanian investors, highlighting the significance of such partnerships in enhancing the global competitiveness of Moroccan manufacturing. He emphasized the continued support for industrial integration within the automotive sector, a key driver of economic growth in the region. This sentiment echoes the Moroccan government’s commitment to developing the automotive sector, as outlined in its [insert relevant Moroccan industrial development plan name and link if available].
Jean Droguisco, speaking on behalf of MP Industry, praised Morocco as a promising platform for growth, citing the burgeoning automotive sector and the vast potential of African markets. He acknowledged the support of Moroccan authorities, which instilled confidence in the group’s ability to integrate seamlessly into the local industry. His declaration of “We are Moroccan” reflects the company’s commitment to becoming a true partner in Morocco’s industrial development.
Mohamed Bachiri of Renault Morocco lauded the project’s contribution to local integration and its potential to elevate the competitiveness of Moroccan industry on the global stage. He reaffirmed Renault’s commitment to supporting shared objectives, further strengthening the collaborative spirit driving the growth of the automotive ecosystem in Morocco. This partnership is particularly relevant given Renault’s significant presence in Morocco, with its Tangier factory being [insert relevant statistic about Renault Tangier factory, e.g., one of the largest in Africa, with source link].
This new plant signifies Morocco’s strategic focus on solidifying its position as a leading regional and international automotive manufacturing hub. By leveraging international partnerships and fostering continuous national ambition, Morocco is driving economic growth and creating opportunities for its citizens. The success of this venture could pave the way for further investment and development in the Moroccan automotive sector, contributing to the country’s overall economic diversification and prosperity.
