African Continent's Key Minerals: Chinese Enterprises Plan to Invest $150 Million in Morocco to Build Electronic Material Factory
¬ Ningbo Boway Alloy Materials Co., Ltd. has approved an investment of $150 million to build a factory with an annual capacity of 30,000 tons in Nador, Morocco.
¬ The factory will supply the European and American markets, mainly used in applications such as batteries, transformers, and cable shielding.
¬ The factory is expected to start construction in October 2026 and be completed in 2029.
China's leading manufacturer of non-ferrous alloy products, Ningbo Boway Alloy Materials Co., Ltd., announced plans to invest up to $150 million to build an electronic material strip factory in Morocco. This move marks that Chinese enterprises are further expanding their industrial layout in North Africa.
On November 7th, the company stated in a statement that its board had approved the project. In the context of escalating global trade tensions, this project will expand Boway's international business and strengthen its access to Western markets.
According to Chinese media reports, the factory is planned to produce 30,000 tons of special alloy electronic material strips annually, mainly exported to Europe and the United States. These materials will be used in the production of batteries, transformers, cable shielding layers, and heating resistors.
To manage this project, Ningbo Boway will establish a wholly-owned subsidiary called Boway Alloy New Materials Morocco Co., Ltd., which will be responsible for overseeing construction and operations. The factory will be located in the northern city of Nador, Morocco, covering an area of 188,000 square meters.
The company said that it is expected to start construction in October 2026 and complete in 2029.
Ningbo Boway is a subsidiary of the Boway Group, producing high-precision non-ferrous alloy rods, wires, and strips, with products widely applied in over 30 industries such as automobiles, high-speed rail, telecommunications, and shipbuilding.
This move further strengthens China's investment footprint in Morocco. Manufacturers hope to take advantage of Morocco's free trade agreements with the EU and the US, as well as its strategic location adjacent to Western and African markets, to expand their businesses.
Other Chinese enterprises have also started operations in Morocco, including textile companies Sunrise, battery manufacturers Guoding High-tech, and material companies Guangzhou Tianci Material Technology Co., Ltd. and Botai New Materials Group.
Source: ecofinagency
Original: www.toutiao.com/article/1848446352321547/
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