Rabat – Indian group Indore Composite inaugurated a state-of-the-art industrial facility within the Tanger Med industrial platform last week. The new unit is dedicated to the production of composite materials for various sectors, including telecommunications, renewable energies, transportation, and construction.
Situated at the core of the Tanger Med Industrial and Port Complex, the facility is expected to enhance Indore’s ability to serve its clients in Morocco, Europe, and America more efficiently, converging news reports indicate.
By establishing a local presence in the region, Indore Composite aims to meet the growing demands of its customers while strengthening its position in the composites industry.
The newly inaugurated plant will specialize in manufacturing a diverse range of composite materials derived from fiberglass, and carbon fiber among others for industrial applications.
With a total investment of €15 million, the facility uses cutting-edge technologies and highly efficient processes with the aim of minimizing environmental impact and reducing waste.
The industrial site spans an impressive area of 20,000 square meters, enabling the annual production of 2.5 million kilometers of cable. The plant is set to create over 400 employment opportunities, further contributing to the region’s economic growth.
During the inauguration ceremony, Mukesh Sanghvi, the CEO of Indore Composite expressed his gratitude to the Moroccan government, the leaders of the Tanger Med group, and the company’s valued clients for their unwavering support.
Sanghvi highlighted the company’s commitment to sustainability by sourcing raw materials from sustainable suppliers and ensuring that all supply chain partners share a common dedication to environmental protection.
The event was attended by several prominent figures, including Ahmed Bennis, the CEO of Tanger Med Zones, and numerous influential stakeholders from the region.
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