Thyssenkrupp Materials is opening a processing and storage site near Casablanca, Morocco, in a move to expand in the emerging North African market, Thyssenkrupp said Thursday.
The site is scheduled to open this summer and will distribute and process steel, aluminum and titanium and cater primarily for the aerospace industry. It is Thyssenkrupp Materials’ second north African site and has warehouse space of 2,000 square meters. Thyssenkrupp told S&P Global Platts it could not give further capacity details.
“We see a high demand for a reliable partner that offers materials and metal processing as well as supply chain solutions in the North African area. To strengthen our activities in this area and offer further customized solutions is a logical consequence for us,” said Laura A. Holmes, CEO of Thyssenkrupp Aerospace. Among the confirmed customers is aerospace supplier Figeac Aero Maroc.
According to Thyssenkrupp, Morocco is heavily benefiting from global aerospace growth, being one of the country’s economic drivers at an annual growth rate of 15%.
Laura Varriale, SBB Daily Briefing, S&P Global Platts
