Renault maintains its investment plan in Tangier despite the crisis
13 November 2008
Read by 2281 persons
According to Renault-Nissan, its industrial project in Tangier is not in question. However, the introduction of planned Renault vehicle projects in this factory could be delayed by a few months.
Faced with a serious drop in demand, car manufacturers are going through a very difficult crisis. Renault-Nissan is not immune to the negative effects of this crisis, which is affecting many other sectors, forcing it to review its business plan. This situation does not affect Renault's investment plan in Tangier.
Friday, December 12, the car manufacturer reacted to information released by the weekly L'Usine Nouvelle stating that "the French manufacturer plans to delay the launch of its low-cost factory in Tangier, Morocco." "The industrial project in Tangier is not in question" and "the schedule for the factory's industrial tools is not in question," announced a Renault spokesperson, in information relayed by the AFP news agency. "We are sticking to what was announced in terms of vehicle production. The introduction of planned Renault vehicle projects in this factory could be delayed by a few months. This point was under discussion," added the spokesperson. Morocco is counting on this project, which will create 6,000 direct jobs and nearly 30,000 indirect jobs. At the end of October 2008, the Moroccan government signed an agreement with Renault Tanger Méditerranée (RTM) concerning the concession for the construction and management of the Automotive Trades Training Center in Tangier-Mediterranean.
This is in accordance with the framework agreement of January 18, 2008, relating to the establishment of a vehicle production site in Tangier. In addition, the diamond group has entrusted the technical engineering and architectural studies of this factory, which is to be delivered in 2010, to the engineering group Iosis. This large industrial complex, which will be built in the Tangier Mediterranean special economic zone, will require a total financial envelope of more than 600 million euros. On a 300-hectare site, this site will have an operational capacity of 400,000 vehicles/year in the long term.
An ambitious project for a sector that is currently going through turmoil worldwide. Over the past twelve months, car production in France has fallen by 29.2%. Never seen since January 1991, according to economists. A drop that is forcing manufacturers to announce social plans.
On September 9, Renault indicated that it was planning 4,000 voluntary departures in France by April 2009. On September 25, it added the elimination of 2,000 jobs in its European subsidiaries, including 900 in France. Renault is not the only group that wants to cut its workforce. The French automobile group PSA announced on November 20 a plan for voluntary departures concerning 3,550 employees in France. After Renault and PSA, it is Faurecia's turn this week to announce a reduction in its workforce. The leading French equipment manufacturer will thus eliminate 1,215 jobs in France between 2009 and 2011, to cope with "the scale and speed" of the crisis affecting the automotive sector.
Atika Haimoud
Posted online on December 17, 2008
infosdumaroc.com
Faced with a serious drop in demand, car manufacturers are going through a very difficult crisis. Renault-Nissan is not immune to the negative effects of this crisis, which is affecting many other sectors, forcing it to review its business plan. This situation does not affect Renault's investment plan in Tangier.
Friday, December 12, the car manufacturer reacted to information released by the weekly L'Usine Nouvelle stating that "the French manufacturer plans to delay the launch of its low-cost factory in Tangier, Morocco." "The industrial project in Tangier is not in question" and "the schedule for the factory's industrial tools is not in question," announced a Renault spokesperson, in information relayed by the AFP news agency. "We are sticking to what was announced in terms of vehicle production. The introduction of planned Renault vehicle projects in this factory could be delayed by a few months. This point was under discussion," added the spokesperson. Morocco is counting on this project, which will create 6,000 direct jobs and nearly 30,000 indirect jobs. At the end of October 2008, the Moroccan government signed an agreement with Renault Tanger Méditerranée (RTM) concerning the concession for the construction and management of the Automotive Trades Training Center in Tangier-Mediterranean.
This is in accordance with the framework agreement of January 18, 2008, relating to the establishment of a vehicle production site in Tangier. In addition, the diamond group has entrusted the technical engineering and architectural studies of this factory, which is to be delivered in 2010, to the engineering group Iosis. This large industrial complex, which will be built in the Tangier Mediterranean special economic zone, will require a total financial envelope of more than 600 million euros. On a 300-hectare site, this site will have an operational capacity of 400,000 vehicles/year in the long term.
An ambitious project for a sector that is currently going through turmoil worldwide. Over the past twelve months, car production in France has fallen by 29.2%. Never seen since January 1991, according to economists. A drop that is forcing manufacturers to announce social plans.
On September 9, Renault indicated that it was planning 4,000 voluntary departures in France by April 2009. On September 25, it added the elimination of 2,000 jobs in its European subsidiaries, including 900 in France. Renault is not the only group that wants to cut its workforce. The French automobile group PSA announced on November 20 a plan for voluntary departures concerning 3,550 employees in France. After Renault and PSA, it is Faurecia's turn this week to announce a reduction in its workforce. The leading French equipment manufacturer will thus eliminate 1,215 jobs in France between 2009 and 2011, to cope with "the scale and speed" of the crisis affecting the automotive sector.
Atika Haimoud
Posted online on December 17, 2008
infosdumaroc.com
