Japanese Yazaki and Sumitomo to build four plants in Morocco, creating 8300 jobs

MOROCCO – Japanese Corporations Yazaki, which makes car components, and Sumitomo Electric Industries are planning to build four plants in Morocco for a US$103 million investment. These plants will create 8300 jobs and support Morocco’s car industry. The two Japanese groups signed separate agreements with Moroccan authorities in a ceremony chaired by Minister of Industry and Trade Moulay Hafid Elalamy. Under terms of the sealed deal, Yazaki has pledged to invest US$52.2 million for the expansion of its activities in Morocco through the setting up of three new plants in…

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