Portuguese firm Simoldes to open car mould making plant in Morocco

Finance

Portuguese firm Simoldes to open car mould making plant in Morocco

Saturday, 29 October 2016 18:07 Last modified on: 29 October 2016 18:07

Portuguese group Simoldes, one of Europe’s leading mould makers, plans to build in Morocco a plant which will manufacture plastic mould products for cars. The project will cost the company more than 60 million euro, news website L’Usine Nouvelle reported on October 24, 2016.

The project is part of 30 industrial investments worth €690 million announced on 4 July 2016, in Casablanca, as Morocco’s minister of industry, Moulay Hafid Elalamy, officially launched the national investment reform plan. In the long run, it should generate 300 jobs.

Based in Santiago De Riba (Northern Portugal), Simoldes Plasticos has many plants in Portugal, France, Brazil, Germany and Poland. It currently employs about 2,675 people.

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