French carmaker Renault says it is planning to increase its production capacity in Morocco to 500,000 cars annually from its Casablanca and Tangier plants.
According to the automobile company’s Chief Executive Officer, Carlos Ghosn, the new target is aimed at meeting rising demands that translated in strong growth in sales of its Dacia branded cars manufactured by the company during the first nine months of 2018.
To meet this objective, he noted that the company wants to double the production capacity of its Casablanca plant from 80,000 to 160,000 cars by 2022. The company also operates the Tangier plant.
Renault employs about 8,100 people, so the expected increase in production will see more opportunities created in the North African country.
Currently, the automotive sector is the largest export industry in Morocco with a 7.3 percent growth in 2017.