China’s Citic Dicastal expands automotive investments in Morocco

China’s car parts maker Citic Dicastal opened its third factory in Morocco in Kenitra worth 180 million euros to manufacture aluminum chassis parts.

The new factory spans over 20,000 square meters and employs 1000 people. It has an annual production capacity of 5 million units, of which 90% will be exported to Europe.

This plant brings Citic Dicastal total investments in Morocco to 350 million euros.

Its two plants, employing 1400 people, manufactured 6 million alloy wheels last year, supplying carmakers in Morocco and abroad, according to industry ministry figures.

Morocco’s car industry exports rose 33% to stand at 103 billion dirhams, or $10 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.