Citic Dicastal, a manufacturer of aluminium alloy wheels for the auto industry, has inaugurated its new aluminium plant in Kenitra, Morocco. The company invested €350 million to set up its second manufacturing factory.
The 30,000-square-meter project has created over 1,200 new job opportunities at the site. The new factory is an example of the successful Moroccan-Chinese cooperation in the industrial field and is part of the implementation of the Chinese government’s initiative called ‘One Road, One Belt, Morocco’s Minister of Trade and Industry Moulay Hafid Elalamy said.
The company had opened its first plant, known as Dicastal Morocco Africa, worth €350 million in June. The plant has an annual production capacity of 6 million units.
"Currently, the group aims to consolidate its achievements and implement a human development strategy, in close collaboration with teams in China, to support Moroccan talents and skills,” said Badr Lahmoudi, General Manager of Dicastal Morocco Africa.
Citic Dicastal operates 30 manufacturing units in Europe, North America, and China, with an annual production capacity of 60 million wheels. The company’s list of customers includes Volkswagen, BMW, Renault-Nissan, Chrysler Automotive, Peugeot, and Toyota.
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