Car maker Faurecia just inaugurated a new car seats factory in Morocco. Located in Salé, the infrastructure which cost about €16 million will generate 1,300 jobs.
According to L’usine Nouvelle, the plant will produce every day 10,000 leather and textile seat-coverings for 3008 Peugeot and Opel Grandland X models. With the new infrastructure, Faurecia now has two plants in Morocco, including Kenitra’s. Next year, a third will be commissioned, the firm revealed.
Faurecia has 103,000 employees worldwide and recorded in 2015 a turnover of €20.69 billion.
Aaron Akinocho
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
IEA says global coal demand hits 8.85 billion tonnes this year Coal supplies one-third of global electricity despite renewable growth Agency expects...
India, Ethiopia upgrade ties to strategic partnership during Modi visit Agreements cover data centre, debt restructuring, customs,...
Rwanda launches BioCap project to build crop biotechnology capacity Five-year program targets cassava, potato, banana improvement $14 million...
In Africa, seed systems face multiple challenges, including low adoption of certified planting material, a shortage of quality assurance laboratories and...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...