Leoni AG has opened a plant for producing wiring systems for the truck, powertrain and off-road segment in Agadir, Morocco, a location chosen due to its proximity to plants of commercial vehicle manufacturers.
A press release said that the €20 million investment underlines both the automotive supplier’s ambitions in the global growth market for commercial vehicles and the importance of Morocco as a location for the automotive industry. The initiative is expected to result in more than 3,000 jobs being created.
“It is our clear goal to grow faster than the market in the commercial vehicle segment in the coming years,” said Leoni AG COO Ingo Spengler. He noted that Leoni is one of the few automotive suppliers worldwide that develops and manufactures vehicle cables and wiring systems for passenger cars as well as commercial and off-road vehicles. The business understands the “nervous system of the automobile,” and the Agadir opening will strengthen Leoni’s competitiveness in commercial vehicles segment.
The Agadir plant will produce wiring systems in comparatively small batch sizes with a high level of complexity, using energy-efficient technologies installed to keep the plant’s CO2 footprint at minimum level. “Moreover, Agadir is a flagship project for smart, digital and increasingly automated processes, showcasing best practices and setting benchmarks for operational excellence across the company’s global production network,” says Leoni COO Ingo Spengler.