Modernization of an automotive equipment plant in Morocco
Investor
Faurecia
Location
Kenitra, Morocco
Investment
Cutting and sewing machines, LED tube lighting
Investment Size
€ 1,898,449
Financial results
Payback of 5.7 years
Energy savings
808.7 MWh per year
CO2 savings
513.7 tons per year
Impact
Increased production output, improved competitiveness, improved energy efficiency
Donor
EU, AFD,KFW,EIB, and EBRD SEMED Multi-Donor
Replacement of the old sewing machines and lighting with high-efficient ones
Faurecia is a manufacturer of car seat covers serving the European market. Faced with increased competition, the company decided to upgrade its manufacturing facility by increasing its production capacity and substantially enhancing its energy efficiency while reducing its environmental impact. The MorSEFF team was contacted for technical advice.
The investment program of € 1,898,449 consisted of acquiring 87 new generation direct drive sewing machines and 4 automatic cutting machines for seat caps resulting in increased production capacity by 19% and 69%, respectively; and 400 LED tube lamps. Following the modernization of the plant, the energy consumption has been decreased by 808.7 MWh/year or 52.3%, and the emissions of GHG by 513.7 TCO2e/year. The payback period of the project is less than 6 years.
For the successful implementation of the energy efficiency project, Faurecia was awarded a €189,844 grant, representing 10% of the loan amount.
Morocco Sustainable Energy Financing Facility (MorSEFF) was developed by the European Bank for Reconstruction and Development (EBRD) in cooperation with the French Agency for Development (AFD), The European Investment Bank and the Kreditanstalt für Wiederaufbau (KfW) and supported by the European Union and the multi-donor account SEMED.