Renault intends to build a third factory in Morocco for €900m. A plant in Casablanca is currently producing passenger cars for the European market and a second plant is in Tangier for the African market where the group generates around 10% of its revenue (including India). Eventually, the local government believes that some 50,000 people will be employed, which we find extremely high unless the cars are assembled manually.
Revenue growth in this region was disproportionately strong until Europ ....
11 Apr 2016
Mega investment in Morocco
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Mega investment in Morocco
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
11 Apr 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Renault intends to build a third factory in Morocco for €900m. A plant in Casablanca is currently producing passenger cars for the European market and a second plant is in Tangier for the African market where the group generates around 10% of its revenue (including India). Eventually, the local government believes that some 50,000 people will be employed, which we find extremely high unless the cars are assembled manually.
Revenue growth in this region was disproportionately strong until Europ ....