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Renault to build a new factory in Morocco
By Yoann Besnard on 6 September 2007 | 
(1) Comments | Permalink
Renault has signed a Memorandum of Understanding with Morocco to build a new plant on the outskirts of Tanger. Due to be ready for 2010, the new factory will enable Renault to build 200,000 cars per year at the beginning. Later, it will be able to build 400,000 cars every year.
The new factory will be used to build variants of the Dacia Logan, with particular focus on a new-generation of light commercial vehicles. Ninety percent of these vehicles would be exported.
Renault plans to invest an estimated £405m/€600m/$817m in this project with a first phase of £236m/€350m/$477m. A further investment of £135m/€200m/$272m to £270m/€400m/$544m will then be made according to the number of vehicles produced.
The new factory will provide 6,000 direct jobs and 30,000 jobs indirectly through suppliers.
According to the Prime Minister of Morocco, Driss Jetou, the plant will be built on a dedicated free zone linked to Tanger's harbour with a special railway.
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