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Swissecour shifts focus to Morocco
Swiss company "Secur" has decided to divest from its manufacturing facility in Tunisia and is focusing its operations in Morocco at its Berrechid and Temara sites to strengthen its presence in North Africa. The Tunisian unit will be sold for 1.3 million euros, resulting in a negative impact on profits of 300,000 Swiss francs, while maintaining its business relationships within the group. Production activities in Morocco will be consolidated to improve efficiency and profitability, with expected annual additional profits exceeding ten million Swiss francs, and the workforce reduced by 5% as a result of the divestment from Tunisia.
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