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    AUTO

    September 20, 2018

    Novares Opens New Automotive Plastic Parts Plant in Morocco’s Kenitra

    Automotive plastic parts manufacturer Novares has opened its first production plant in Kenitra, Morocco. Located only 15 kilometers from the newly-opened PSA plant, Novares’ new plant is its first plant in North Africa. The new plant covers an area of 10,700 square kilometers and is equipped with a painting zone. The plant will produce engine components, such as air filters and acoustic covers; exterior car parts, such as mudguards; and interior parts, such as instrument panel components, reads the statement. The production will use plastic injection and clear coat techniques. “This investment, which contributes to the development......

    September 15, 2018

    Magneti Marelli builds two auto parts plants in Morocco

    Italian auto components producer Magneti Marelli Group is planning to build two new manufacturing plants in Morocco to serve customers in southern Europe and North Africa.

    At a recent ceremony in Rabat, Morocco,"...

    September 8, 2018

    EBRD to Loan Moroccan Automotive Supply Company €16 Million

    EBRD has granted a €16 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of India’s Varroc company. The European Bank for Reconstruction and Development (EBRD) published a statement Thursday, September 6, saying its “financing will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant in Kenitra, as well as to set up a research and development centre.” The statement asserted, “This is in line with the government’s efforts to increase the rate of regional integration to 60 per cent by 2020.” PSA Group’s Kenitra plant announced Tuesday, September......

    September 8, 2018

    Rockwell Automation Board of Directors Approves $1 Billion for Common Stock Repurchase

    The Board of Directors of Rockwell Automation, Inc. (NYSE: ROK) today authorized the company to expend up to an additional $1 billion to repurchase shares of Rockwell Automation common stock. This is in addition to the authorization on January 15, 2018, to repurchase $1 billion worth of"...

    September 1, 2018

    Maxion Wheels to Showcase Innovation Truck Wheel Portfolio during IAA Commercial Vehicles 2018

    Maxion Wheels, the world’s largest manufacturer of wheels, announced today its participation in the 67th IAA Commercial Vehicles exhibition in Hanover, Germany. From Sept. 20 – 27, 2018, Maxion Wheels will display both its application-diverse truck wheel product portfolio, as"...

    August 28, 2018

    Abdennaboui Reminds Drivers Skipping Tolls of MAD 700-1,400 Fine

    The Prosecutor General’s Office has urged prosecutors to be strict with the increasing numbers of toll road violators.

    Morocco records 5,000 cases of drivers avoiding tolls daily. Due to the growing numbers"...

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