Chinese company chooses Morocco for polymer plant investment
Shenzhen JDD Tech New Materials, a prominent Chinese manufacturer of polymer components under the Junida brand, has announced plans to establish a production facility in Morocco focused on functional protective coatings for the automotive industry. This move marks the company’s expansion beyond Asia into new international markets. The global market for these functional protective coatings, where Shenzhen JDD holds a significant position, is expected to exceed 75 billion Chinese yuan by 2025.
The planned investment will not exceed 100 million yuan (about 13 million euros or 140 million Moroccan dirhams) and will be funded entirely through Shenzhen JDD’s wholly-owned subsidiary, as reported by Shanxi Securities. Although the company has yet to begin construction or complete its legal registration in Morocco, its management highlighted that the Moroccan plant will support existing European customers while better addressing future demands.
Already operating in Mexico to serve North American clients, Shenzhen JDD aims to leverage Morocco’s free trade agreements and geographic closeness to Europe to boost its global footprint. The company specializes in manufacturing distribution channels, metal profiles, and metal parts for electric vehicle batteries and smart vehicle equipment. In 2024, Shenzhen JDD reported revenues of 1.43 billion yuan (approximately 1.97 billion dirhams), with over 40% generated from international markets.
-
09:20
-
08:50
-
08:20
-
07:50
-
07:20
-
07:00
-
17:00
-
16:40
-
16:20
-
16:00
-
15:52
-
15:40
-
15:30
-
15:05
-
15:00
-
14:53
-
14:40
-
14:31
-
14:20
-
14:20
-
14:18
-
14:10
-
14:02
-
13:53
-
13:50
-
13:40
-
13:32
-
13:25
-
13:14
-
13:05
-
13:05
-
12:57
-
12:51
-
12:44
-
12:40
-
12:30
-
12:20
-
12:00
-
11:50
-
11:20
