The building project is expected to start in the first quarter of 2021.
Rabat – Tunisian dairy manufacturer Land’Or seeks to expand its presence by building a new plant in Morocco.
Jeune Afrique reported that the company wants its plant to be operational in the first quarter of 2021. The company’s objective is to “consolidate its position in Morocco and conquer West Africa,” the news outlet added.
The plant, which is expected to be in Kenitra, near Rabat, seeks to increase the group’s production..
The plant will specialize manufacturer canned cheese, melting cheese, and fresh cheese.
“Most of the products will be sold in the Moroccan market, which represents 28% of Land’Or’s turnover,” added the pan African news outlet.
The company will invest € 10 million to build the 3,300 square meter plant in a1.3 hectare plot. Tunisian business news outlet Ilboursa emphasized that the company secured the € 10 million budget project on May 28 with € 6 million to be financed by Tunisia’s Central Bank.
Quoting the CEO of the company Hatem Denguezli, the news outlet said that the launch of the construction is expected in December. The CEO said that the firm would start ordering the industrial equipment in 2020, at a cost of aroundaround € 5.2 million.