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Jun 04, 2025
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China's Yongsheng Rubber to build tire plant in Morocco
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China's Shandong Yongsheng Rubber Group has announced plans to build a tire manufacturing plant in Morocco to become the second Chinese manufacturer with a production base in the country.
Recently, the group announced, the planned facility will have the capacity to produce 6 million units of semi-steel radial passenger car tires per year.
With the investment, Shandong Yongsheng will be the second Chinese tire maker with a manufacturing plant in Morocco, in addition to Qingdao Sentury Tire which started production at its tire plant in Tangier late last year.
Shandong Yongsheng's decision follows another recent investment announcement in Saudi Arabia, as reported by Saudi Silk Road Industrial Services Co. last year.
In late December 2024, the Chinese group signed a 'conditional investment agreement' with the Saudi Arabi'as Jazan authorities as part of a China-Saudi joint venture led by Guangzhou High-Tech Investment Group Co.
The agreement envisions that Shandong Yongsheng Rubber Group Co. Ltd. will officially participate in the "Saudi Arabia tire project" and establish itself in the China-Saudi Arabia Jazan Industrial Zone.
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All India Rubber Industries Association. All rights reserved. |
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All India Rubber Industries Association. All Rights
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