Chinese listed company Wuhu Sanlian Forging (Shenzhen: 001282) has confirmed it will maintain its precision automotive forging project in Morocco, despite reducing the overall investment from 650 million to 620 million yuan (approximately $86 million). The company also allocated 40 million yuan from its convertible bond issuance to support the Moroccan base.
The project, first announced in 2024, involves establishing a manufacturing facility for forged automotive components in Morocco to serve European and African markets. The reduction in total investment was attributed to optimized cost structures and phased implementation, according to company filings.
Sanlian Forging's decision to retain the Moroccan base underscores its commitment to expanding overseas production capacity amid global supply chain shifts. The facility is expected to begin trial production by late 2026, pending regulatory approvals.
