The project will help create 180 direct job opportunities.
Rabat – French company Sealynx automotive Morocco, a subsidiary of Sealynx International (GMD group) has inaugurated a new production unit in Tangier, with a total investment of €22 million (MAD 232 million).
The factory, opened on November 20, specializes in the manufacturing of automotive gaskets.
The new production unit is spread over an area of 12,600 square meters, and comes with the ambition of providing more than 180 direct jobs.
Commenting on the inauguration, Morocco’s Minister of Trade and Industry Moulay Hafid Elalamy said that the plant comes to meet the “strong demand of the Moroccan automotive ecosystem whose performance is well established.”
Elalamy attended the inauguration ceremony along with the chairman of the Supervisory Board of the Tangier Mediterranean Special Agency, Fouad Brini, and the President of Sealynx International (GMD Group), Alain Martineau.
Elalamy recalled the potential of Morocco’s automotive sector, emphasizing that the industry is gaining strength.
“We are aware that car manufacturers need a significant local integration rate,” Elalamy said.
Martineau also commented on the inauguration of the fifth unit. He said that the move“confirms the pioneering role of the group by being the first supplier of automotive gaskets in Morocco.”
He added, Sealynx automotive Morocco “benefits from the latest technologies developed by the international Sealynx waterproofing division with the expertise of the Tangiers teams.”
Quoted by Maghreb Arab Press (MAP), the CEO of the international company added that Morocco has established itself as a “land of development with qualified people ready to work.”
With the new plant, Morocco is strengthening its position as an automotive leader.
The automotive industry recorded the strongest job creation. The sector created 116,611 jobs in the time period, representing 28.8 percent of all new jobs between 2014 and 2018.
Several international leading companies in the industry operate in Morocco including Renault and PSA.