Morocco possibly biggest Dacia production site in a few years' time.
In currencies, this is the abbreviation for the Euro.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1 bln. The production capacity of the new African New African is an English-language monthly news magazine based in London. Published since 1966, it is read by many people across the African continent and the African diaspora. plant could reach 400,000 units/year, thus becoming bigger than the throughput of the Pitesti-based operator, French daily 'Les Echos' informs, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
Renault in 2012 will be opening its new plant in the Moroccan city of Tangier, where two new Dacia models will be built, after an investment of almost EUR 1 bln. The production capacity of the new African plant could reach 400,000 units/year, thus becoming bigger than the throughput of the Pitesti-based operator, French daily 'Les Echos' informs, according to HotNews. The two Dacia models to be exclusively made in Morocco could be a new compact minivan and a small utility vehicle. The competitive edge provided by the new location is the cost of labour which is five times smaller than the one in France and the geographic closeness to both France and Spain.
'Les Echos' states that, upon opening the plant in Tangier, next to the Gibraltar Strait, will have an annual production of 170,000 units, which may be taken up to 350,000 and even 400,000 units on a medium term. With such a production capacity, Renault's new African facility will become the biggest Dacia production site, with the Romanian car plant drawing close to its maximum capacity of 350,000 units per year.
Renault will invest between EUR 800 M and EUR 1 bln in its new plant in Tangier to be served by 6,000 workers. The quoted French daily says it will be the production place for two new Dacia models known by the code names of J92 and K67 at Renault's, suggesting a compact MPV A compact MPV is a car classification used in Europe to describe multi-purpose vehicle versions of small family cars (sometimes also referred to as "compact cars"), fitting between the mini MPV and large MPV subsegments. and a kind of Dacia version of the Renault Kangoo The Renault Kangoo and Kangoo Express is a panel van and leisure activity vehicle produced by French automaker Renault since 1997. The Kangoo is manufactured in the MCA plant in Maubeuge, France, and in Santa Isabel, Argentina. utility vehicle.
The information echoes a statement Dacia Board Chairman Jacques Chauvet was making in April, according to website 0-100.ro, suggesting that the following two models in the Dacia range to be unveiled in the upcoming years would no longer be made in Romania, but in Morocco.
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