Lear Corporation Announces Agreement to Construct Automotive Wiring
Facility in Morocco
TANGIER, Morocco, Dec. 10, 2012 /PRNewswire/ -- Lear Corporation
(NYSE:LEA) today announced its new automotive wiring plant is
scheduled to open in 2013 in Morocco's Amer Saflia area and create
approximately 700 jobs, expected to increase significantly over
upcoming years based on the projected growth in Lear's Electrical
Power Management Systems business.
Lear currently operates three plants in Morocco, including two in Tangier for
electrical wiring systems and automotive seating and one in
Rabat, supplying industry-leading
electronics such as battery chargers and gateway modules to
European automakers including BMW, Renault and Volkswagen.
"Lear is proud to plan the opening of another world-class
automotive electrical wiring plant as we focus on our customers'
needs," said Mariano de Torres, Lear
Vice President, Europe/Africa
- Electrical and Electronics. "We also are pleased to be
working with Morocco's MEDZ
Atlantic Free Zone Investment and Fonciere Chella. As Lear
grows in Morocco and around the
world, our core values include operational excellence, being an
employer of choice and supporting the communities where we do
business."
About Lear
Lear Corporation is one of the world's leading suppliers of
automotive seating and electrical power management systems.
The Company's world-class products are designed, engineered
and manufactured by a diverse team of approximately 110,000
employees located in 36 countries. Lear's headquarters are in
Southfield, Michigan, and Lear is
traded on the New York Stock Exchange under the symbol (LEA).
Further information about Lear is available at lear.com.
SOURCE Lear Corporation