In the era of opportunities for the continuous deepening of China Morocco cooperation under the "the Belt and Road" initiative, the company took the initiative to promote the strategic layout of globalization and took a critical and solid step. Recently, the company successfully signed a land transfer agreement with Mohammed VI Tangier Technology City in Morocco. In this layout, we will fully leverage the unique advantages of local port hubs and stable green energy guarantees, and make every effort to open up the fast lane of the supply chain directly to the European and American markets, injecting strong impetus into the global development of enterprises.
Anchoring port hubs to achieve dual breakthroughs in logistics timeliness and cost
The Tangier Mediterranean Port, where the Tangier Technology City is located, is becoming the "super gateway" for the company to radiate the global market. This hub, which ranks 17th among the top 500 container ports in the world, has a throughput of 141.2 million tons in 2024, accounting for nearly 59% of Morocco's national market share. 32% of its exported goods go directly to Europe, and a three week direct route to China has been opened. Relying on the integrated model of port industry logistics, our tire bead wire and steel curtain wire products will be shipped to target markets such as Europe and America, reducing transportation time by more than 40% and logistics costs by nearly 30%. After the overseas base is put into operation, it will achieve "local production and nearby delivery".
Focusing on green manufacturing and building sustainable overseas bases
In the global trend of green development, the company has always adhered to the concept of sustainable development. This decision to settle in Tangier precisely grasps the core advantages of green development in Tangier Science and Technology City. As a model project for China and Morocco to jointly build the "the Belt and Road", the Science and Technology City has achieved more than 90% green power supply capacity relying on Morocco's rich wind and solar energy resources, which is highly consistent with the development direction of the company's green manufacturing.
In the future, the company's production base in Morocco will be supported by over 90% of green electricity supply, creating a green and low-carbon production system that not only responds to global environmental calls, but also reduces production energy consumption and costs through the efficient utilization of green energy, achieving a win-win situation for economic and environmental benefits, and setting a benchmark for China's manufacturing industry's overseas green layout.
Clearly define the timeline for progress, steadily achieve the landing of production capacity and market breakthroughs
To ensure the orderly progress of the Moroccan project, the company has developed a clear phased implementation plan: the first phase of construction will be completed by the end of 2026, and small batches of samples will be provided for customer certification simultaneously; By mid-2027, large-scale supply will officially begin, ultimately forming a production capacity of 100000 tons of steel curtain wire per year.
This pace of progress has received full support from the local government, and Omar Moro, the chairman of the Tangier Tetouan Hossema Regional Council, has clearly stated that he will provide comprehensive support for the project and help the company improve the local automotive industry chain. We will take this as an opportunity to steadily advance project construction and ensure the smooth achievement of goals at all stages.
As the world's largest bead steel wire manufacturer, the company's Moroccan layout is not only a response to the trend of Chinese manufacturing industry moving towards the "the Belt and Road", but also an active strategic choice to respond to changes in the global trade pattern. In the future, we will fully leverage Tangier's location advantages, green energy security, and industrial chain supporting resources to fully explore the high-end markets in Europe and America, strive to achieve significant breakthroughs in market share, and create a replicable and promotable "big business model" to contribute practical experience to the international development of Chinese enterprises.
