Yazaki to open the 4th plant in Morocco in 2020

Yazaki to open the 4th plant in Morocco in 2020

Yazaki is a global automotive parts supplier based in Japan. It focusses on supplying wire harnesses, instruments, and components such as connectors and terminals.

With many subsidiaries all over the world, Yazaki is planning to strengthen its position in Morocco by opening its 4th plant there. It also has a goal to provide almost 2,500 people with job opportunities, resulting in increases in its workforce to 12,500+.

Senior manager and general manager of Automotive Business Management Division Hiroshi Ichikawa revealed in an interview with a French news outlet that Yazaki intends to open a plant in Morocco because of the customers it has in Spain. He said that they have to establish a production base to get closer to their Spanish customers. They chose Morocco because of the competitive edge it has over others, and also because it provides incentives and an industrial free zone.

He claims that they’re making a good profit out of their plant in Morocco.

Ichikawa added that they have been working with Renault and the PSA group for many years now and that they are their customers.

For Morocco’s economy, automotive industries are considered very vital. It has been recorded that the automotive industry provides people with the best and strongest jobs.

Research shows that almost one-third of new jobs created are from the automotive industry. An estimate of about 116,611 jobs has been created by the automotive industry from 2014 to 2018, which makes 28.8% of all new jobs created.

The Wall Street Journal, America’s business-focused newspaper, said that Morocco has now started to become a key supplier of auto-parts to Europe’s auto factories. These factories include the Ford Motor Co. plant in Spain. This plant imports interior, wiring, car seats and other things from Morocco.

Because of the Yazaki plant in Morocco, many investors have been driven people to invest in the automotive industry and like Yazaki, supply car parts.