The South Korean equipment manufacturer Hands Corporation has launched in Tanger Automotive City, the construction of its new factory specialising in the production of aluminium rims, an investment of 385 MEUR, in the presence of The Minister of Industry, Investment, Trade and Digital Economy, Moulay Hafid ELALAMY, Mr. Abdellatif MERZOUKI Governor of Fahs Anjra Province, Mr. Fouad BRINI President of Tanger Med and Mr. Seung Hyun Chang President of Hands Corporation.
With an investment of 385 MEUR, the new Hands Corporation, is amoung the top five world leaders of aluminium rims. The new unit will be located on a surface area of 23 ha and will generate 1,300 jobs.
This important project will lead to a thorough integration of the automotive value chain, as a result of the establishment of a set of ecosystems as part of the industrial acceleration plan.
The Hands Corporation group has several production plants with a capacity of 13.5 million units a year and a research and development centre in Korea and China. They supply major automakers including Hyundai Motors, Renault, Ford and Volkswagen. In 2016, the group, with 2,360 employees, generated an estimated turnover of 542 MEUR.