# Relats to invest €12.7M, open new plant in Tangier and expand headquarters

Grup Relats plans investments of €12.7 million in 2016-2017, including a new plant in Tangier, Morocco (opening February 2017) and a 3,000 m² expansion of its headquarters in Caldes de Montbui, Spain. The company targets €100 million in sales by 2020.

- Type: Expansion
- Announced: 2016-11-07
- Where: Tangier, Morocco, Morocco
- Value: $14.0M (12.7M EUR)
- Starts operating: Feb 2017
- Status: under construction
- Products: flexible electrical and thermal insulating tubes, cable protection sleeves
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Grup Relats](https://endata.com/companies/19577.md)

## Sources

- [lavanguardia.com](https://www.lavanguardia.com/economia/20161107/411634095087/grup-relats-facturacion-54-millones.html), 2016-11-07: "Estamos en una fase de expansión importante. Para el 2020, esperamos volver a doblar y llegar a los 100 millones de euros de ventas a nivel agregado."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.