Chinese Company Ningbo Boway Plans $150 Million Industrial Investment in Morocco’s Nador Region
Ningbo Boway Alloy Material has approved a major industrial investment of around $150 million to establish a manufacturing plant in Nador, Morocco, with an annual production capacity of 30,000 tons.
The facility is expected to serve European and U.S. markets, focusing on advanced materials used in batteries, transformers, and cable shielding for high-tech industries.
Construction work is scheduled to begin in October 2026 and is expected to be completed by 2029, with production anticipated to start in the final phase of the project.
Originally intended for development in China, the project has been redirected to Morocco’s Boutiya industrial acceleration zone in the Nador province. This shift reflects a broader trend of Asian manufacturers increasingly choosing Morocco as a strategic production hub.
During a board meeting held on April 7, the company finalized the relocation decision and confirmed plans to build a facility specializing in precision electronic alloys, with a total investment of approximately 1.076 billion yuan.
More than 59% of previously allocated funding—over one billion yuan—will be reallocated to support the Moroccan project following a reassessment of global market conditions and long-term industrial opportunities.
The relocation was influenced by rising production costs in China and difficulties in meeting international market demands. An earlier consideration to move the project to Vietnam was also dropped after several international clients expressed preference for Morocco as a manufacturing base.
The new plant will focus on supplying advanced industries, including smart electronics, semiconductor components, and electric vehicle manufacturing—sectors experiencing rapid global growth.
According to the company, Morocco offers strong competitive advantages, including its strategic location connecting Europe, Africa, and the Americas, as well as a stable investment environment and extensive trade agreements providing access to a large consumer market.
Lower production costs and the development of industrial infrastructure in automotive, aerospace, and renewable energy sectors have further strengthened Morocco’s position as a regional manufacturing hub.
The project is expected to span three years, with initial production phases projected to begin by the end of 2028. Forecasts suggest annual revenues could exceed 2.7 billion yuan, with net profits estimated at nearly 210 million yuan.
This investment highlights Morocco’s growing role in global supply chains, as major international companies increasingly shift production strategies in response to evolving economic and geopolitical dynamics.
