Alstom announces its business expansion plans in other parts of Morocco
A subsidiary of Alstom railway equipment manufacturer announced its plans to expand its business during a press conference held in the city of Casablanca, Morocco.
Cabliance, the cabling and cabinets division of Alstom and its only industrial production spot in Morocco would like to boost its market share by 40% in 2018. The firm is also aiming to improve its local assimilation over 20% for the next two years even though the industry of railway is still developing in the Kingdom. Alstom is currently the chief contractor for trains in the LGV project which is underway. The most recent delivery happened on July 2016. It was a 12 duplex high-speed trains (2 levels) costing 400 million euros. The company is also a supplier of the trains needed for the Rabat-Salé and Casablanca tram project and additional fifty trains for the second line of Casablanca valued at 100 million euros.
The facility of Cabliance in Fez is on the subject of expansion. According to the CEO of Alstom, the subsidiary is performing well in the cabling and cabinets for the rail market. Recently, the firm has attained successful operation and remarkable functioning which is credited to the eminence of its effort and the value of delivery schedules. Furthermore, the expansion will be undertaken not by the size but through the diversification of occupations. The company in Morocco is currently composing of three hundred fifty people in four cities which include Casablanca ad including two hundred forty employees at Cabliance. The recently appointed CEO of Alstom explained that the value of exports or purchases exported Morocco to Alstom sites in Europe last year rose to € 214 million from € 175 million in 2015. Alson is planning to gain 400 million euros by 2020. In this regard, Cabliance is now focused on becoming a true industrial ecosystem. From the three hundred local suppliers reviewed, only twenty-two are because they are assessed in accordance with the criteria laid out by Alstom.
On the other hand, the group aims to increase local integration which is currently projected approximately 15%, to more than 20% in 2 year period. At present, the Kingdom of Morocco generally needs to improve its railway industrial networks. There are principles that should be considered in this industry for any local company who are interested in capitalizing with Alstom. The CEO of Alstom believes that if the Kingdom’s sector of electricity is generally on par with the current standing of the railway industry, then it is possible and compulsory to become equal with the other sectors. Alstom is aiming to expand its businesses in the field of machinery, infrastructure engineering, air conditioning, interior trim, and varnishing. It is reported that a fitness check will be applied in selecting new Moroccan suppliers.