๐ Tender Overview
Zhejiang Hailiang has announced plans to build a new $288m plant in Morocco.
The new facility will produce new energy materials โ those that are used for the generation, storage, transmission and conversion of energy. Among those that the plant will manufacture is lithium-battery foil, which is widely used in consumer electronics.
The plant is intended to help the company better serve customers in Europe, America, the Middle East and Africa amid what it has termed the unpredictable international situation of recent years and geopolitics that have brought huge trade obstacles and supply chain risks.
The plant will help it cultivate regional markets and, in doing so, implement its company development plan, building market share.
Construction is expected to take 36 months and, once operational, the plant is expected to have the annual capacity to produce 50,000 tons of alloy, 35,000 tons of pipe, 40,000 tons of rod and 25,000 tons of foil. It will also have R&D and warehousing facilities.
