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Fez – Spanish wind energy components manufacturer Incom plans to complete its third production plant in Tangier, Morocco, on July 31, marking another step in the company’s expansion in the country.
The Alicante-based group first established operations in Morocco shortly after the Covid-19 pandemic to supply components to European wind turbine manufacturer Siemens Gamesa.
Over the past six years, its Moroccan subsidiary has grown from 15 employees to around 300 workers.
According to Juan Antonio Vidal, director of Incom Composites, the Moroccan unit now generates annual revenue of around €25 million.
He said the company intends to continue expanding its activities in the country.
Vidal spoke during the business forum “Exploring Morocco: Keys to Investing and Growing in Africa from the Valencian Community,” held in Valencia and attended by Morocco’s Minister of Industry and Trade, Ryad Mezzour.
Morocco has become an important manufacturing and export base for the company, particularly for shipments to the United States, which account for about 65% of Incom’s exports.
The company says trade relations between Morocco and the US have helped facilitate these exports.
The expansion in Morocco comes as Incom has reduced its workforce at its main factory in Elda, Spain.
Earlier this year, the company reached an agreement to cut 136 jobs at the site, which employed nearly 400 people.
Incom, which reported revenues of €112 million in 2024, also operates facilities in Albacete, Poland and India.
Vidal said the company’s experience in Morocco has included significant changes.
About a year after Incom began supplying Siemens Gamesa’s plant in Tangier, the wind turbine manufacturer shut down the facility.
In response, Incom sought new business opportunities and began working with Chinese wind turbine manufacturer Aeolon, which has established operations in Nador.
The company now sees Nador as a key location for future growth, supported by the presence of Aeolon’s factory and the construction of the city’s new port.
“We will continue growing there,” Vidal said.
Other Spanish companies with operations in Morocco also took part in the forum, including ferry operator Baleària and textile services company Erum Maroc.
Representatives from Erum Maroc said the company plans to focus on digitalisation and automation in Morocco as part of its future development strategy.
