CNGR Advanced Material Expands Industrial Presence in Morocco with New Production Facility
CNGR Advanced Material is expanding its industrial presence in Morocco by establishing a new production facility as part of its international growth strategy outlined in its Hong Kong IPO prospectus. The site, covering over 303,000 m² in the Tanger-Tétouan-Al Hoceïma region, will focus on copper transformation and new energy materials, including ultra-fine copper for lithium-ion batteries. This initiative positions Morocco and Indonesia as critical production hubs outside of China, with significant investments planned for infrastructure and equipment.
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CNGR Advanced Material has prioritized its industrial project in Morocco as part of its international expansion plan, detailed in its Hong Kong IPO prospectus. A significant portion of the funds raised will be used for construction and expansion of production facilities in Morocco and Indonesia.
The Moroccan site, located in the Tanger-Tétouan-Al Hoceïma region, covers a planned area of 303,964 m², with 192,548 m² designated for industrial buildings. Completed facilities include a melting-casting workshop, while additional investments will finance essential infrastructure and equipment acquisition.
The project aims to develop an integrated base for copper transformation and new energy materials, focusing on five product lines, including ultra-fine copper for lithium-ion batteries and high-precision copper tubes. CNGR plans to produce high-strength ultra-fine copper and advanced equipment for the automotive and premium machinery sectors, positioning Morocco and Indonesia as key production hubs outside China.
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