Swiss group Cicor strengthens its presence in Morocco and transfers its North African operations.
Swiss group Cicor, specializing in the manufacture of electronic components, has announced a significant reorganization of its international industrial framework. As part of this restructuring, the company has chosen Morocco as its main industrial platform in North Africa, concentrating its regional activities at its sites in Berrechid and Témara.
This decision comes at a time when many international groups are looking to strengthen their presence in competitive industrial hubs, close to European markets and capable of meeting the growing demands of the technology, industrial, and electronics sectors.
Morocco at the Heart of Cicor’s Regional Strategy
In conjunction with this reorganization, Cicor has decided to sell its production unit located in Borj Cédria, Tunisia, for €1.3 million. This site, which employs 90 employees, was acquired in 2023 and primarily produced electronic modules for the medical and industrial sectors.
The completion of this transaction is expected in June, marking the gradual transfer of North African operations to the group’s Moroccan facilities.
A Global Restructuring
Beyond North Africa, Cicor is also implementing several strategic adjustments in Europe and Asia, including activity transfers and a streamlining of certain management functions. This reorganization is expected to result in the elimination of around 220 positions worldwide, representing nearly 5% of the group’s workforce.
The company estimates that this operation will incur exceptional costs of approximately CHF 5 million but will, conversely, allow for an annual improvement in EBITDA of about CHF 10 million.
Confirmed Growth Prospects
Despite this restructuring, Cicor maintains its financial targets for 2026. The group anticipates revenue between CHF 700 and 750 million, up from CHF 616.5 million recorded the previous year. Its adjusted EBITDA is expected to reach between CHF 70 and 80 million.
For Morocco, this decision represents another sign of confidence from an international industrial player. The Berrechid and Témara sites are set to see their roles strengthened within the group’s production network, further consolidating the Kingdom’s position as a preferred destination for high-value industrial investments.
