MOROCCO, 12 MILLION DOLLARS FOR THE NEW EATON FACTORY

The US group Eaton, specializing in the production of energy management systems, has opened in recent days the new production site in the free zone Midparc in Casablanca. It is a new factory of some 13,500 square meters, which replaces the previous one, which was located in the town of Berrechid. Following this expansion, which involved an investment of 12 million dollars, the Eaton workforce in Morocco will increase from 300 to 500 employees. Among the reasons that have encouraged this investment in Morocco, according Revathi Advaithi, director of operations for the electrical sector Eaton insist the skilled workforce, economic stability and the proximity to the ‘Key’ customers of the company, Europe and Africa. Frank Campbell (president of Eaton’s electrical sector for Europe, Middle East and Africa) has also expressed its intention to continue to take in the future local workforce, which now represents 99.9% of the workforce. Globally, the Eaton group recorded a turnover of 20.9 billion dollars in 2015; the company has about 96,000 employees worldwide and markets its products in more than 175 countries.

Eaton specializes in energy management systems, hydro-magnetic switches, accessories for inverters and power distribution units and directed their production of the aeronautical, defense, IT, telecommunications, housing construction. The American giant, present in Morocco for forty years, he first made his debut in the commercial sector and then spread in the industrial sector for about 17 years.

Moulay Hafid Elalamy, Moroccan Minister of Industry, announced that the new factory will cater to local subcontractors to the extent of 20% at the start of production. One of the US industry suppliers will be the Aluminium du Maroc group. During his speech, the Minister noted that the new factory in Casablanca Eaton will produce electronic components that until now were manufactured in China, but from now on will be fully realized in Morocco.

(ITALPRESS).


Source: medNews