Ficosa Inaugurates its First Production Center in Morocco
March 20, 2018—Ficosa, a global provider devoted to the research, development, manufacturing and marketing of safety, connectivity and efficiency systems for the automotive sector, has established itself in Africa for the first time, opening a new production centre in Rabat (in the Technopolis free zone), Morocco.
With an investment of €50 million, the new plant will employ roughly 700 people and post an estimated yearly turnover of €150 million by 2022.
At this new plant, which has a total surface area of 12,000 square meters that can be expanded to 17,000, Ficosa is inaugurating its Centre of Excellence in Cameras for the whole group, where the company will develop and produce highly complex vision systems that are crucial for the car of the future. These facilities will also produce electric cable sets. In addition, they will manufacture traditional products for the local market, such as rear-view mirrors, shifter systems and washer systems.
“The set-up of Ficosa Group’s first production centre in Morocco brings forth new development and performance for the national automotive industry. In so doing, Morocco will lure new high technological crafts contributing to the automotive sector’s shift towards a higher end. The local value chain is getting diverse and more integrated," declared Mr. Moulay Hafid Elalamy, Moroccan minister of industry, investments, trade and digital economy.
Javier Pujol, Ficosa’s CEO, highlights: “Opening our first plant in Morocco is an important milestone for the company, as it allows us to land for the first time ever on the continent of Africa. At Ficosa we are strongly committed to these facilities, having made them our Centre of Excellence in Cameras. They will be a strategic part of the group, bolstering the Viladecavalls Technology Centre (Barcelona, Spain), the company's global hub for new technologies in vision, connectivity, safety and efficiency for connected and driverless vehicles and e-mobility."