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Keywords: Manufacturing
Shanghai Carthane, a prominent Chinese automotive components manufacturer, has announced plans to establish a new subsidiary in Morocco under the temporary name Kaizhong Morocco. The company disclosed this strategic move on the Shanghai Stock Exchange as part of its efforts to strengthen its foothold......
Morocco's aerospace industry demonstrated remarkable performance in 2024, with exports reaching MAD 26.45 billion, marking a 14.9% increase from the previous year. The assembly segment emerged as a key driver, expanding by 23.6% to MAD 17.23 billion, while the Electrical Wiring Interconnection System......
German manufacturing company Leoni has inaugurated a new automotive wiring systems factory in Agadir, Morocco, representing an investment of MAD 230 million. The facility, situated in the Souss-Massa industrial acceleration zone, was officially opened on Tuesday under the supervision of Moroccan Prime......
In a significant business migration trend, over 360 Spanish companies have relocated their production facilities to Morocco, according to a recent report by the Spanish Institute for Foreign Trade and Investment (ICEX). This strategic move appears to be driven by companies seeking to navigate European......
CITIC Dicastal's Moroccan facility has achieved a historic first for African manufacturing, earning recognition from the World Economic Forum's Global Lighthouse Network for its advanced smart manufacturing capabilities. The aluminum wheel manufacturing plant has successfully implemented intelligent......
British manufacturing experienced its sharpest contraction in 11 months this December, as revealed by a recent survey. Weak foreign demand, rising costs, and increased tax burdens drove manufacturers to scale back operations, including workforce reductions, signaling broader economic challenges. Declining......
Morocco's industrial sector demonstrated subtle economic shifts in November 2024, with the Industrial Producer Price Index Excluding Petroleum Refining recording a modest 0.1% increase, according to recent data from the High Commission for Planning (HCP). The food industry emerged as the strongest......
Several prominent corporations have announced million-dollar donations to Donald Trump’s upcoming inauguration, underscoring the complex interplay between political contributions and corporate strategy. Among these, Toyota has reportedly pledged $1 million, joining other automotive giants such......
Samsung Electronics has secured $4.74 billion in funding from the U.S. Department of Commerce to establish semiconductor manufacturing facilities in Texas. The South Korean tech manufacturer plans to construct two new plants in Taylor, Texas, with additional investments planned for its existing Austin......
