Ficosa's new facility in Rabat will become CoE in automobile cameras for the whole group, bolstering its hub for new technologies in vision, connectivity, safety and efficiency
21 Mar 2018 | 6257 Views | By Autocar Professional Bureau
Ficosa, the Tier 1 global supplier engaged in the research, development, manufacturing and marketing of safety, connectivity and efficiency systems for the automotive sector, has made a foray into Africa for the first time, opening a new production centre in Rabat (in the Technopolis free zone), Morocco. With an investment of €50 million, ...
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Ficosa, the Tier 1 global supplier engaged in the research, development, manufacturing and marketing of safety, connectivity and efficiency systems for the automotive sector, has made a foray into Africa for the first time, opening a new production centre in Rabat (in the Technopolis free zone), Morocco. With an investment of €50 million, the new plant will employ roughly 700 people and post an estimated yearly turnover of €150 million by 2022.
At this new plant, which has a total surface area of 12,000 square metres that can be expanded to 17,000, Ficosa is inaugurating its Centre of Excellence in cameras for the whole group, where the company will develop and produce highly complex vision systems that are crucial for the car of the future.
These facilities will also produce electric cable sets. In addition, they will manufacture traditional products for the local market, such as rear-view mirrors, shifter systems and washer systems, with the goal of providing a better service.
“The set-up of Ficosa Group’s first production centre in Morocco brings forth new development and performance for the national automotive industry. In so doing, Morocco will lure new high technological crafts contributing to the automotive sector’s shift towards a higher end. The local value chain is getting diverse and more integrated," said Moulay Hafid Elalamy, Moroccan Minister of Industry, Investments, Trade and Digital Economy.
Javier Pujol, Ficosa’s CEO (pictured above), commented: “Opening our first plant in Morocco is an important milestone for the company, as it allows us to land for the first time ever on the continent of Africa. At Ficosa we are strongly committed to these facilities, having made them our Centre of Excellence in Cameras. They will be a strategic part of the group, bolstering the Viladecavalls Technology Centre (Barcelona, Spain), the company's global hub for new technologies in vision, connectivity, safety and efficency for connected and driverless vehicles and e-mobility.”
Ficosa is a global leader devoted to the production and development of high-technology vision, safety, e-mobility and connectivity solutions for the automobile industry. Founded in 1949, Ficosa currently has more than 10,500 employees in 19 countries worldwide in Europe, North and South America, Asia and Africa, with production plants, commercial offices, technical centres and R&D centres. The company posted revenue of €1.169 billion in 2016.
Since 2015, Ficosa maintains an alliance with Panasonic, which holds 69% of the company, to accelerate development of key technology for the future of the automotive sector in the fields of vision, connectivity, driverless vehicles, safety and e-mobility. In addition to promoting the exchange of technology and products, this alliance addresses the desire to foster regional and client-based synergies, adding much value to the business of both companies.