Automaker Martur Fompak invests US$35m to build a new plant in Morocco

MOROCCO – Morocco’s automotive industry is set to expand following plans by Turkish automotive supplier Martur Fompak International to invest in a new US$35m industrial plant.

The plant is built over 38,487 m², required an investment of more than US$35.6 million (340 million dirhams), and will allow the creation of 1,150 jobs.

It is located in one of Morocco’s biggest industrial zones, a few kilometers away from the Mediterranean region’s biggest flagship port, Tanger Med.

Specialized in the production of car interior equipment (blankets, headrests, armrests, etc.) and car seats, the factory equipped with state-of-the-art technologies, intends to meet the growing needs of car manufacturers based in Morocco, mainly Renault.

The Ministry has supported the construction of this plant as part of the Renault ecosystem.

The new plant will be inaugurated only two years after the Turkish manufacturer first established its presence in the Tanger Automotive City with an initial investment of €17.5 million.

The plant will enable the group to strengthen its position on the local market, as the main supplier of seats and equipment for Renault Morocco, but also as an exporter to European automotive markets from the end of this year.

Despite an unfavorable global context, Morocco confirms, once again, the excellence and resilience of its automotive platform and is now establishing itself as an undisputed continental leader,” said Minister of Industry and Trade, Ryad Mezzour.

Founded in the early eighties of the past century, the Turkish manufacturer is a global supplier of car parts, with a presence in 40 countries and over 6,000 employees worldwide.

The company has over 200 clients including world-class car manufacturers.

In addition to Martur Fompack, Morocco’s Automotive City is home to a number of major suppliers in car manufacturing, providing a business-friendly climate for carmakers to establish a presence in Morocco and Africa and export to European and American markets.

The national automotive industry has 250 companies with an annual installed production capacity of 700,000 vehicles per year and a local integration rate of more than 60%, creating 180,761 jobs.

Morocco’s car manufacturing ambitions will soon give way to the production of over 1 billion units by 2030, according to some estimates.

In addition to its new recycling cobalt plant, as well as chip-making factories, Morocco is also increasingly investing in becoming a future supplier within the electric vehicle manufacturing sector.

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