Reuters
by Ahmed Eljechtimi
South Korea’s Hands Corp started work on Tuesday on building an aluminium wheel plant in Morocco at a total cost of 4.33 billion dirhams ($472 million), Moroccan state news agency MAP said.
The new factory will have an annual production capacity of 8 million units and will be the third largest investment in the automotive sector in Morocco after Renault’s plant in Tangier and PSA Peugeot Citroen factory in Kenitra, MAP said.
Reporting by Ahmed Eljechtimi; Editing by Ulf Laessing and Mark Potter
