- October 7, 2016
- Posted by: mohammed
- Category: AmCham News
Lear Automotive Morocco has 9 production sites in three cities in Morocco including Tangier, Rabat and Kenitra with over 90 000m² of manufacturing space. Lear production sites in Morocco manufacture electronic modules in Rabat, Trim Seat covers and foam in place Head rest Injection in Tangier and Wiring harnesses in Tangier and Kenitra. The company employs over 10,000 employees making it a major job creator in the country.
Lear Corporation is headquartered in Southfield, Michigan, it maintains over 240 locations in 36 countries around the globe and employs over 140,000 employees.
Lear Corporation is ranked 154 on the Fortune 500 with world-class products designed, engineered and manufactured by a diverse team of talented employees. The company’s vision is to be consistently recognized as the supplier of choice, employer of choice, investment of choice and a company that supports communities around the world. Lear’s sales are derived from different continents including, North America (43%), Europe and Africa (37%), Asia (18%) and South America (2%). Lear also has a wide range of big brands as their costumers including Ford, GM, BMW, Fiat Chrysler, VW group, Jaguar, Land Rover, Renault, Nissan, Daimler, Hyundai and others.
The automotive industry has been one of the recent success stories of the Moroccan economy. It has grown into a huge industry with a vehicle production of over 167,000 units per year, 3$ billion in exports and more than 85,000 employees.
The main reasons for the country’s success is its geographic location and state-of-the-art ports, which make it an ideal location for car manufacturers to set up plants. Find best guide casino online real money on mapleleafonlinecasino.com! Morocco is ideally located for investors who are looking to export to Europe and Africa. The political and economy stability make Morocco a favourable platform for major automakers. By 2017, Morocco is expected to become the world’s 19th largest vehicle assembler.
Tax breaks and other incentives offered in Morocco’s free trade zones, have attracted foreign makers of car parts. More than 150 automotive related manufacturers are based in Morocco.