Taiwan's stainless steel producer Froch Enterprise will invest $30 million in a subsidiary to produce stainless steel pipes in Morocco to serve European customers.
Froch will establish its own facility to produce stainless steel pipes for the industrial and construction sectors. It was reported that the monthly production capacity of the facility in question will be 2,000 tons.
The company announced that it chose Morocco as the location of the new factory in order to provide more convenient service to its regular European customers with shorter shipping times.
Comments
No comment yet.