AGC Automotive Europe has formed a joint venture with Moroccan glass producer Induver Holding to manufacture automotive glass for the European and North African markets.

Target Information

AGC Automotive Europe has entered into an agreement with Induver Holding, a Moroccan glass producer, to establish a joint venture for the production of automotive glass aimed at the European and North African markets. This initiative marks AGC Group's first operational steps in Africa. Additionally, AGC will acquire a stake in Induver, which specializes in automotive glass for both the replacement and aftermarket segments, as well as construction glass. This transaction remains subject to approval from the relevant local authorities.

Industry Overview in Morocco

The automotive industry in Morocco has seen rapid growth, positioning the country as a significant production base for European car manufacturers. With strong economic indicators, Morocco has attracted numerous automotive companies looking to capitalize on the favorable production environment. This growth is part of a broader strategy to enhance the country’s manufacturing capabilities, providing a robust platform for investment in various sectors, including automotive glass.

Morocco’s automotive sector has made strides in establishing itself on the global stage, with a notable increase in production capabilities and the establishment of a supply chain that supports bot