Will Sentury build a tyre plant in Morocco?

Sentury plans to invest just under US$296.78 million in constructing the Morocco tyre plant, which is set to have a production capacity is 6 million car and light-truck tyres a year.

Will Sentury become the only tire maker in Morocco?

After the project is ready, Sentury will become the only tire maker in Morocco, hiking the firm's competitiveness globally. The endeavor is strategic as Morocco is the only country in Africa that has signed a free trade agreement with the United States. Thereby, tires that are exported to the US and Europe are tariff-free.

Where is Morocco tyre factory located?

The Morocco tyre factory project will be located near Tangier which situates it roughly 35km from Tangier Mediterranean Port, the largest container port on the Mediterranean coast. That position also puts the site relatively close to both Renault and Peugeot/Citreon’s respective 400,000 car a year factories.

Will Sentury build a tire plant in North Africa?

In December, Qingdao-based Sentury said it will invest nearly USD300 million in self-raised funds to build an automobile tire plant with an annual capacity of six million units in the North African country. For this purpose, the company formed a unit in Tangier in April.

Will China build a third tyre factory in Africa?

In other words, the company is planning to build its third overseas factory just outside Morocco, North Africa in what will be the first Chinese tyre factory in Africa.