[PRNewswire] Nexteer Automotive Announces New Production Facility in Morocco
-- A Strategic Footprint Expansion to Drive Operating Efficiencies and Enhance Customer Responsiveness
(TYCHY, Poland, Feb. 26, 2018 PRNewswire=연합뉴스) Nexteer Automotive [http://www.nexteer.com/ ] announces a new production facility in Kenitra, Morocco. Initially, Nexteer will use the facility for manufacturing Single Pinion-assist Electric Power Steering (SPEPS) systems and plans to extend manufacturing to driveline products in the future.
The new 18,000 m2 facility will be the company's first in Africa and is scheduled for a ground-breaking ceremony in late March 2018. Once the facility begins production in 2019, it will be counted as Nexteer's 25th plant in its global manufacturing footprint.
Nexteer strategically continues to expand its global manufacturing capabilities and align itself with its customers' targeted regions. Consequently, Nexteer drives greater efficiency and responsiveness and strengthens relationships with its global OEM customers.
Nexteer representatives signed the "Memorandum of Understanding" with the Moroccan Government to confirm its investment plans in July 2017. This was followed by the signing of the official agreement by His Majesty King Mohammed VI as well as Moroccan government officials and Nexteer Automotive representatives on December 11, 2017 in Casablanca, Morocco.
"Nexteer's key differentiators include our global manufacturing footprint and our in-house capabilities in producing high-quality, safety-critical steering and driveline systems. By establishing a new facility in Morocco, we are strategically aligned with our global customers' needs. This location will also allow us to expand our geographic operations' reach in both Africa and Europe," said Herve Boyer, vice-president and chief operating officer Europe and South America Division at Nexteer.
"We are appreciative of the Moroccan authorities' cooperative approach and their plans for infrastructure development," Boyer continued.
ABOUT NEXTEER
Nexteer Automotive - A Leader in Intuitive Motion Control - is a multi-billion dollar global steering and driveline business delivering electric and hydraulic power steering systems, steering columns, driveline systems as well as advanced driver assistance systems (ADAS) and automated driving technologies for original equipment manufacturers. The company's global workforce of over 13,000 serves more than 50 customers in every major region of the world. The company has 24 manufacturing plants, three technical centers and 14 customer service centers strategically located in North and South America, Europe and Asia. Nexteer Automotive's customers include BMW, Fiat Chrysler, Ford, GM, PSA Group, Toyota and VW, as well as automakers in India and China. www.nexteer.com
Logo - https://photos.prnasia.com/prnh/20171115/1993765-1LOGO
Source: Nexteer Automotive
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