China HangZhou Radical plans to invest up to $30 million to build automotive bearing manufacturing facility in Morocco
On Feb 17, 2025, Hangzhou Radical announced an important decision - to set up a new manufacturing base in Tangier, Morocco, focusing on the production of automotive bearings. This project will be funded by Radical wholly-owned subsidiary established in Singapore, and a wholly-owned subsidiary will be established locally to implement it (the company name is to be determined).
The total investment amount of this investment project is expected to be no more than 30 million US dollars, and the actual investment amount will be determined after approval by relevant departments. This move not only demonstrates Radical determination to expand the international market, but also reflects its focus on improving the efficiency of the global supply chain.
The choice of Morocco as the location of the new production base is mainly based on the country's strategic location at the junction of Europe and Africa, its mature industrial base, and the local government's preferential policies for foreign-funded enterprises. Tangier, with its developed transportation network and superior geographical location, provides convenient conditions for products to quickly enter the European, African and Middle Eastern markets.
The new factory is expected to bring a large number of jobs to the local area and promote the development of Morocco's automotive industry. Radical hopes that through this investment, it can not only expand its international market share, but also strengthen its cooperation with local suppliers and further optimize the cost structure.
Although the specific details of the project are still under planning, including the final registered name and other information that need to be approved by relevant agencies, Radical has made clear the importance of the project. The company promises to continue to follow up and disclose the progress of the project to ensure that investors can obtain the latest dynamic information in a timely manner.
This investment is part of Radical globalization strategy, which aims to utilize Morocco's advantageous resources, enhance the company's competitiveness in the international market, and lay a solid foundation for future sustainable development.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
8613818814498
Next Strong alliance opens a new chapter | C&U Group visited Nantong Kexing and discussed the new future of high-end manufacturing
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
