As Morocco emerges as a competitive export-focused production base for global automakers, a new resource for vehicle engineering services also has launched: a joint venture between Magna and Altran Technologies SA.
Magna’s complete vehicle engineering and manufacturing group and Altran, a global leader in engineering and R&D services, each hold 50 percent of the joint-venture company.
Located in Casablanca, Morocco, the joint venture will operate under the name MG2 – bringing together Magna’s complete vehicle know-how and process competence with Altran’s strengths as a locally established partner. Approximately 500 engineers from the two companies will initially staff the joint venture.
“Magna is able to further strengthen its competitive position by offering world-class engineering services in Morocco through this joint venture with Altran. The availability of strong engineering talent, proximity to Europe and growing OEM presence make Morocco an ideal location for this new engineering center,” said Karl Friedrich-Stracke, president Fahrzeugtechnik & Engineering Magna Steyr.
Morocco, 14 km south of the European continent, offers a low-cost base to produce vehicles for export to Europe. The country has a stated goal of building 1 million vehicles per year by 2025 and has been successful in attracting automakers and investment in new production plants to achieve that goal.
“Altran is thrilled to be moving forward with Magna to offer end-to-end development capabilities for the automotive industry, including design, manufacturing and system development, thus covering the complete value chain,” said Meryem Chami, CEO, Altran Morocco.
