A new high-tech textile industrial unit in Casablanca will start operations shortly, under an agreement signed this week by Minister of Industry and Trade, Moulay Hafid Elalamy, and the managing director of Omega Textile Maroc, Song Linghui. The unit, requiring an investment of 80 million dirhams, will manufacture hosiery, socks and lingerie by using new techniques and advanced 4.0 technology machines, said the ministry in a press release. The project will generate 200 direct jobs and 450 indirect jobs in the long term, as well as an estimated turnover of nearly 75 million DH, the press release said. For Elalamy, this important investment confirms the confidence that international investors have in Morocco as a production and export platform and in the capacity of the national textile industry to position itself in the post-coronavirus period. Omega Textile Maroc, a company operating under Moroccan law with a 100% Chinese capital, specializes in the manufacturing of socks, lingerie (tights, stockings, knee-highs, etc.

Source: The North Africa Journal July 19, 2020 12:00 UTC