Guizhou Tyre has held a groundbreaking ceremony for its planned US$298.7 million tyre factory in Morocco, marking the latest milestone in a project designed to produce six million passenger-car tyres annually.
The ceremony took place on 28 October at Mohammed VI Tangier Tech City, according to European Rubber Journal, which cited a company statement. Representatives of local government and businesses attended alongside international customers and suppliers.
The planned factory will manufacture semi-steel radial passenger-car tyres and become Guizhou Tyre’s second overseas manufacturing base, following its operation in Vietnam.
Guizhou Tyre expects construction to take about two years. This is the stated project duration, rather than a confirmed date for the start of production.
The groundbreaking follows the establishment of Advance Tyre Morocco SAS through subsidiary Guizhou Qianjin Tyre Investment. The Moroccan entity was registered earlier in October to manufacture and sell tyres and other rubber products.
Tyre News Media previously covered the registration of the Moroccan subsidiary, which followed the completion of the required domestic investment approvals and registrations in China in August.
The investment plans, announced in January, provide for annual production capacity of six million tyres.
Tags: Guizhou Tyre, Advance Tyre Morocco, Morocco tyre factory, Tangier Tech City, passenger-car tyres, tyre manufacturing, Moroccan tyre plant, semi-steel radial tyres, tyre factory investment, global tyre industry
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