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The two Japanese groups Yazaki and Sumitomo signed, Tuesday in Casablanca, two memoranda of understanding for the creation of four factories in the automotive sector. The two firms will be investing 912 million dirhams and creating 8,300 jobs.
The two memoranda of understanding were signed during a ceremony chaired by the Minister of Industry, Trade and the Green and Digital Economy, Moulay Hafid Elalamy, the ministry said in a statement.
The agreements include the construction of new industrial units for the production of cable harnesses by the two Japanese groups Yazaki and Sumitomo, the same source explained. Yazaki will be investing 462 million dirhams for the extension of its activities in Morocco through the creation of three new factories of the group in Tangier, Kénitra and Meknes, creating 6,300 jobs. .
For its part, Sumitomo is planning the creation of its 5th factory in Casablanca in order to meet the needs of its customers FCA and CNH Global. This new investment of 450 million dirhams will generate 2,000 jobs.
The Yazaki group has been present in Morocco since 2000, through a factory in Tangier employing 4,650 people, two others in Kénitra employing 4,200 people and a fourth in Meknes employing 4,000 people.
Its turnover in Morocco amounts to 5 billion dirhams per year. Sumitomo has settled in Morocco since 2001 through three subsidiaries (Sews MFZ, SEBN and Sews Cabind) and considered one of the largest employers in Morocco with 25,000 jobs.
