Sentury Tire to Build Plant in Morocco

Qingdao Sentury Tire Company is planning to build a $297 million radial tires manufacturing plant in Morocco’s northern city of Tangier. The new investment shows that Morocco continues to attract foreign investors due to its political stability, geostrategic position, skilled manpower, connectivity and proximity to European, Mideastern and African markets.

The Tangier tire factory will have an annual output of 6 million high-performance car and light truck radial tires, said the company in a statement.

The tire maker expects the construction of the project to be completed in 18 months with the output in the first year of operation reaching 3.6 million pieces. …

Source: The North Africa Post