Moroccan car plant to start manufacturing economical Logan-Maroc cars
Morocco, Business, 3/17/2005

The Moroccan car-assembling company (SOMACA) will start manufacturing economical "Logan Maroc" cars in the first semester of 2005, said Renault Maroc CEO, Pereira Dos Santos.

The executive pointed out in an interview with the monthly magazine, "Arabies," that "Logan Maroc" project will produce 30,000 units per year, half of them will be exported to countries with which Morocco signed or will sign Free-Trade Agreements.

Alongside the "Logan" project which is estimated at 30million Euros, "Renault Maroc" will create a national storehouse for cars spare parts distribution estimated at 3 million Euros.

The CEO said that "Renault Maroc" sold 11,352 units in 2004, a record number for 30 years. The company's sales developed by 36% in 2004 compared to 2003 in which "Renault Maroc" sold 1,600 units.

He said that Renault has gained an important place in the international cars market and aspires to sell 4 million units in 2010.

Previous Stories:
  Toyota signs partnership convention with Morocco   (3/12/2005)
  Motorola funds a mobile application development project in INPT   (2/5/2005)
  53 investment projects amounting in total to 16.82 billion Dhs accepted in 2004   (1/11/2005)
  Moroccan-made Fulgura in Paris Mondial de L'Automobile   (10/1/2004)
  French company to launch automobile engineering center in Morocco   (4/10/2004)
  Moroccan car-makers want to rise car production to annual 120,000   (5/22/2003)

Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.

Search