Hongyi Precision Announces $15 Million Investment to Establish Moroccan Manufacturing Subsidiary

According to an official filing on the National Equities Exchange and Quotations (NEEQ), Jiangsu Hongyi Jinggong, a Chinese manufacturer of high-precision structural parts, has approved a $15 million (150 million MAD) investment to establish a manufacturing subsidiary in Morocco. The investment will be executed through the company's Singapore-based entity, IHSIN Pte. Ltd.

The investment aims to support the company's international strategy by increasing industrial capacity, optimizing the production chain, and enhancing access to European and North American markets. A key strategic objective is to meet the needs of its overseas customers for localized production. It cites Morocco's stable business environment and strategic location as key factors. The Moroccan subsidiary is planned to handle the full spectrum of production, sales, technology transfer, and trade of raw materials for precision structural parts and fasteners.

Hongyi specializes in the R&D and production of precision structural components, fasteners, and assemblies, with its products primarily serving the automotive industry. This move represents a significant step in the company's global manufacturing footprint expansion and underscores Morocco's growing role as a competitive base for advanced industrial supply chains.

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