Morocco’s Palmeraie Industries & Services Launches Foam Producing Plant in Abidjan
The future plant, named Uni Confort Côte d’Ivoire Dolidol, is situated in Yopougon and requires an investment of $125,000 (125 million MAD), Moroccan media L’Economiste reports.
The plant to cover 17,000 m2 will have an annual output of 6,000 tons of polyurethane foams. Daily production will hit 1,500 mattresses.
Launching the plant in Cote d’Ivoire falls in line with Morocco’s investment strategy in the African continent, the group’s President Saad Berrada Sounni noted.
King Mohammed VI who is currently visiting the West African country has placed Africa at the heart of his foreign policy and has been promoting mutually beneficial partnerships with several African countries, with the ultimate goal to upgrade South-South investment and cooperation.
“The project is part of the group’s 2020 new strategy, seeking to consolidate its presence on the continent,” Sounni said.
Palmeraie Industries & Services intervenes in four other areas namely agriculture, education, and mines and quarries.
In 2015, the group notched a turnover put at 1.5 billion MAD and boasts 3,000 employees.