China’s Ningbo Boway Alloy Material Co., a leading manufacturer of non-ferrous alloy products, announced plans to build an electronic materials strip factory in Morocco for up to $150 million, as Chinese firms deepen their industrial footprint in North Africa.
The company said in a November 7 statement that its board of directors approved the project, which will expand Boway’s international operations and strengthen its access to Western markets amid rising global trade tensions.
The planned facility will produce 30,000 tonnes annually of special alloy electronic material strips, mainly for Europe and the United States, according to Chinese media reports. These materials will be used in electric batteries, transformers, cable shielding, and heating resistors.
To manage the project, Ningbo Boway will establish a wholly owned subsidiary called Boway Alloy New Materials Morocco, which will oversee construction and operations. The factory will be located in Nador, northern Morocco, covering 188,000 square meters.
Construction is expected to start in October 2026 and finish by 2029, the company said.
Ningbo Boway, a subsidiary of Boway Group, produces high-precision non-ferrous alloy bars, wires, and strips used in over 30 industries, including automotive, high-speed rail, telecommunications, and shipbuilding.
The move adds to a growing list of Chinese investments in Morocco, where manufacturers seek to leverage the country’s free trade agreements with the European Union and the United States, as well as its strategic location near both Western and African markets.
Several other Chinese groups have established operations in Morocco, including textile company Sunrise, battery producer Gotion High Tech, and materials firms Guangzhou Tinci Materials Technology and BTR New Material Group.
This article was initially published in French by Walid Kéfi
Adapted in English by Ange Jason Quenum
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Côte d'Ivoire ranked first on gender equality within the Economic Community of West African States (ECOWAS) with a score of 0.708, above the regional...
Public accelerator Algeria Venture launched AventureCloudz on Thursday, April 30, a cloud platform for software developers, hosted on Algerian soil and...
Société sucrière du Cameroun (Sosucam), a subsidiary of France's Castel group, invested 2.5 billion FCFA (about $4.5 million) in a new sugar...
Gambian authorities, working with the Economic Community of West African States (ECOWAS) Commission, inaugurated the National Center for Response to...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....