A joint venture agreement between Palm Indus of the Palmeraie Industries & Services Group and Jobelsa, the agreement will mobilize an investment amount of 240 million dirhams.

Palm Indus is a national operator, its mastery of the requirements of the automotive sector developed by its subsidiary Dolidol, reconfirms, through this new partnership, its strategy and its desire to continue its development in order to take full advantage of its growth potential in Morocco "Explains Jalil Skali, Managing Director of Palm Indus, industrial center of the Palmeraie Industries & Services group.

Jobelsa Automotive, the new subsidiary of this joint venture, aims, as a first step, to respond to the strong demand of European car manufacturers for the production of seat covers made in Morocco.

The contracts already established with the European car manufacturers aim at 100 million euros in 2020.
This entity will give an important boost to European manufacturers thanks to its competitiveness, a center of design and research enriched and its collaboration with the industrial complex of palm indus dar bouazza.

Palm Indus aims to manufacture full-size seats, headrests, interior vehicle liners and dashboards.

Source: lesiteinfo.com
 

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