Rabat - Japanese Asahi Glass (AGC) announced that the AGC Automotive Europe, will establish its first automotive glass factory in Africa in the city of Kenitra, Morocco.
Rabat – Japanese Asahi Glass (AGC) announced that the AGC Automotive Europe, will establish its first automotive glass factory in Africa in the city of Kenitra, Morocco.
In a statement released on August 1, AGC Automotive Group said that they had reached an agreement with Induver , the leading glass processing company in Casablanca, in order to co-establish the first unit of the AGC Group in North Africa.
The statement added that the factory’s construction is underway and it is expected to begin production in 2019.
The AGC Group will create approximately 600 new jobs in Morocco and aims to be the hub of glass production in Africa.
The factory will become the 23rd global site producing for Asahi Glass providing automotive glass for around 1.1 million vehicles annually.
In recent years, Morocco has strived to become Africa’s industrial hub and a top destination for foreign investors, with many international companies pouring into the country to invest and grow their businesses.
Last week, Canadian-owned Bombardier Aerospace decided to move some of its operation from Northern Ireland to Morocco, and last month, the French aviation company Groupe Latécoère opened its first factory in the Kingdom..
Earlier this month, Morocco ranked among the TOP 5 African countries valued by investors during the 2016-2020 period, according to a survey on international investors’ perceptions of the potential of the country’s economy by 2020.