Automotive: Canada's Magna Expands Presence in Morocco with New Plant
Rabat, April 24 -- Canadian automotive supplier Magna is launching the construction work for a new mirrors facility in Morocco. The move comes as the Canadian giant seeks to be a part of the North African country's growing automobile sector.
With a budget of $11.3 million, the plant will create 275 job opportunities.
The expansion of the Canadian firm seeks to "further support customers in the region," according to Nasdaq
The new plant will be built in a 61,44 square foot space in the free industrial zone in Kenitra, an hour drive from Rabat. The plant is set to supply international automotive companies with interior and exterior mirror systems.
The facility will start production in the spring of 2020.
The president of Magna Mechatro...
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