arrow-left

Samvardhana Motherson inaugurates new facility in Morocco

  • India Infoline News Service |
  • 07 Oct, 2022 |
  • 9:33 AM
Samvardhana Motherson's new facility at Tanger Med Industrial Platform, Morocco, was inaugurated by V. C. Sehgal, Chairman of Motherson, on October 6, 2022. Representatives from the Moroccan government and administration, Tanger Med Group, and significant participants in the automobile sector attended the opening event.

This new plant will create interior modules and components such as instrument panels and door panels for passenger vehicles and light commercial vehicles as part of Motherson's Modules and Polymer Products business. This is Motherson's newest facility in Morocco, replacing the previous Tétouan location, which opened in 2010.

At peak production, the new 15,000 m2 facility (which is twice the size of the existing facility) will employ 300 people, with highly skilled capabilities focusing on plastic injection moulding and other cutting-edge processes such as high-precision robot-aided milling, plastic welding, and airbag integration solutions.

Motherson will be able to give additional employment and growth prospects in Tangier because of its better proximity to the client and greater capacity.

Motherson's Tangier growth ambitions include the creation of in-house capabilities for high-quality soft-touch surfaces for car interior parts based on contemporary polymer-based finishes.

Motherson's continued success in the area reinforces the company's worldwide position as a leading automotive solutions supplier and a dependable long-term partner to its clients, contributing to their future production demands and growth.

At around 9.35 AM, Samvardhana Motherson was trading at Rs75.50 down by 0.85% from its previous closing of Rs76.15 on the BSE. The scrip opened at Rs76.90 and touched intraday high and low of Rs76.90 and Rs75.40 respectively.

For feedback and suggestions, write to us at editorial@iifl.com

Invest wise with Expert advice

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
ad IconAd Image

Most Read News

Article Image
  • 14 March, 2022 |
  • 7:03 AM

The US Federal committee's meeting will conclude on March 16, 2022.

Most Shared News

No Record Found