# Hands Corporation opens $450M aluminum wheel plant in Tangier

South Korea's Hands Corporation inaugurated a new plant in Tangier, Morocco, on January 14, 2020, with an investment of MAD 4.3 billion ($450 million). The plant will produce aluminum wheels, aiming for 8 million units annually and creating 1,600 jobs.

- Type: New facility
- Announced: 2020-01-15
- Where: Tangier, Morocco
- Value: $450.0M (4.30B MAD)
- Jobs: 1,600
- Starts operating: 14 Jan 2020
- Status: completed
- Capacity: 8 million units annually
- Products: aluminum wheels
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hands Corporation](https://endata.com/companies/6381.md)

## Sources

- [moroccoworldnews.com](https://www.moroccoworldnews.com/2020/01/74244/hands-corporation-tangier-plant/), 2020-01-15: "The group has decided to expand its activities worldwide by investing in Tangier."

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