Asia Business Headlines International Morocco

Automotive: Korean HANDS Corp. Opens €400 million worth Plant in Tangier

Korean HANDS Corporation, aluminum wheel manufacturer, opened on Tuesday a plant in Tangier, its first production site in Africa, enhancing Morocco’s automotive cluster, which is attracting a growing number of investors in this highly competitive industry. The Korean group has invested over ‎€400 million in its Moroccan factory to create up to 1600 jobs.   […]

Asia Business Headlines International Morocco

Morocco’s Automotive Industry Receives Boost from South Korea’s Wheel Manufacturer

South Korean wheel manufacturer, Hands Corporation, will soon operate a factory worth 4.33 billion dirhams ($472 million) in Tangier. A ceremony marking the launch of construction works of the new plant was attended by Morocco’s Industry and Investment Minister Moulay Hafid Elalamy who said that the 23 hectare-factory will create 1300 direct jobs and will […]