China’s car part maker Citic Dicastal opens third plant in Morocco
China’s car part maker Citic Dicastal opened in Morocco its third factory worth 190 million dollars to manufacture aluminum chassis parts.
The new factory in Kenitra will be ready in six months with a production capacity of 10 million units. It will offer up to 766 direct jobs, the industry ministry said in a statement.
“With such a leading project, Morocco reinforces its foothold in a technologically demanding industry and confirms once again the trust of global investors in the quality of our industrial infrastructure and international competitiveness,” Ryad Mezzour, industry minister was quoted in the statement as saying.
Citic Dicastal is already making alloy wheels in two plants in Morocco worth $370 million, supplying car manufacturers at home and overseas.
Morocco’s car industry sales rose 16% to stand at 84 billion dirhams, or $9 billion, contributing largely together with phosphates and agri-food products to a significant rise in exports.
Morocco is home to two plants of French carmakers PSA and Renault as well as car part suppliers.
Last year’s car exports outperformed pre-pandemic levels posted in 2019, further highlighting Morocco’s competitiveness as a car manufacturing hub.