Original news was published on 4 August, 2014

Output to be exported to other African countries and to Europe

China’s Shandong Iron and Steel Group (Shandong Steel) will construct a US$150 million steel pipe plant in Morocco.

The new plant will have a production capacity of 250,000 tons of pipes per year and be built at a 14-acre site in Tangier Exportation Freezone  south of Tangier in northern Morocco.

All of the plant’s pipes will be exported, according to a report from African agency Agence Ecofin. The majority of the output undefined 70 percent undefined  will be exported to European countries with the remaining 30 percent to other African countries. The deal is part of Moroccan government’s initiative to bring in more Chinese investment to the country.

*NEWS SOURCE