Varroc Lighting Systems receives funding from EBRD for new Moroccan plant
Plant to produce vehicle headlamps and tail lights; to supply parts to Renault and PSA
Varroc Lighting Systems Morocco, the Moroccan subsidiary of lighting systems supplier Varroc Engineering Pvt Ltd., has received a EUR16 million (around USD18.5 million) funding from the European Bank for Reconstruction and Development (EBRD) for a new manufacturing and product development base in Morocco, according to a press release on EBRD website last month.
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