Press release BoxID: 154760 (Premo Group)
  • Premo Group
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The Spanish consul in Tangier, Tomas Solis Gragea, congratulates PREMO for creating 150 jobs in the city

(PresseBox) (Barcelona, ) The honorable gentleman Tomas Solis Gragea, Spanish consul in Tangier, has visited Premo Méditerranée facilities in the Tangier free trade zone (Morocco). Mr Solis has congratulated Jose Cabezas, Managing Director, for creating 150 jobs, and he said their 1700 m2 facilities are "impressive" where they manufacture automobile components destined to the North American market.

PREMO Méditerranée was inaugurated in June 2006 and celebrated its first anniversary obtaining the ISO certification 9001:2000. PREMO has just announced a 2007 turnover of 34 million euro, 23 pc more than the previous year and PREMO Méditerranée represents a 10 pc. 2007 has represented the seventh consecutive year of constant and supported growth, with an average added of 27 pc every year. Furthermore, the EBITDA has increased up to 6 million euro. This means that the company grows at a good rate and over their competitors.

Premo is especially respectful with the customs, traditions and culture of every country where they establish themselves; they consider that this aspect is essential for creating a good work atmosphere and their collaborators integral development.

Their facilities have the most modern electronic instrumentation for the measurement, analysis and test of all the electrical necessary parameters to define the product characteristics in order to define the needs of its customers. In addition, it has at its disposal a great experience, the most advanced equipments and instrumentation, the use of first brands raw materials, standardized by its laboratory, and design and manufacture according to the international ISO standard 9001:2000; ISO 14001, ISO TS16949 (in process), all this with the aim to make competitive, precise and technical quality and high performance products.

Jamal Mikou, the Tangier free zone director, explains: "The number of Spanish companies in the Tangier duty-free zone is 44; they have invested more than 614 million dirham (approximately 60 million euro). The Spanish investors move into second place, after the French."

The Tangier Exportation Free Zone benefits from a tax-sheltered plan served by a large port, adjacent to the International Airport of Tangier, having at its disposal a highly qualified yet cheap labour. As they inform on their web page: "The Tangier Exportation Free Zone aims to offer investors a unique opportunity to invest in a protected free trade environment."