# Shandong Daye to build $208.5M tire steel plant in Tangier, Morocco

Shandong Daye, a Chinese manufacturer of steel wire for tires, plans to invest $208.5 million in a new production facility in Morocco's Tangier Tech industrial zone. The plant will produce up to 100,000 tons of tire bead wire and 100,000 tons of steel cables annually, with phase one expected to be completed by late 2026.

- Type: New facility
- Announced: 2024-11-01
- Where: Tangier Tech industrial zone, Tangier, Morocco
- Value: $208.5M
- Starts operating: 2026
- Status: announced
- Capacity: 100,000 tons of tire bead wire and 100,000 tons of steel cables annually
- Products: tire bead wire, steel cables
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Shandong Daye](https://endata.com/companies/80829.md)

## Sources

- [moroccoworldnews.com](https://www.moroccoworldnews.com/2024/11/12974/chinese-tire-giant-shandong-daye-invests-208m-in-new-moroccan-factory/), 2024-11-01: "The move is aimed at mitigating the effects of shifting economic conditions and international trade frictions, allowing the company to quickly adapt to market demands."

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