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Energy Giant Eaton To Open $12M Morocco Electronics Factory

Energy Giant Eaton To Open $12M Morocco Electronics Factory

From Miami  Herald

The multinational energy company Eaton broke ground Monday on a new $12 million electronics plant in Morocco that could signal increased foreign investment for this North African country.

Bulldozers began work on the factory, which will build circuit breakers and other telecom equipment, in a new industrial park near Casablanca’s airport. To be completed in March, it will employ 500 people — and could double in size if profitable.

Industry Minister Hafid Alamy, who presided at the ceremony, described it as a part of Morocco’s strategy to attract foreign investment and create manufacturing clusters to boost employment. Facing a jobless rate of nearly 10 percent — and double that for the young and educated — Morocco’s government is struggling to create new jobs in a country of 32 million people where traditionally most people worked in agriculture.

Read more here: http://www.miamiherald.com/2014/06/16/4181894/energy-giant-starts-work-on-12m.html#storylink=cpy

 

Read more at Miami  Herald