CITIC Dicastal

Citic Dicastal inaugurated its second aluminum alloy wheel plant in Kenitra, Morocco, on November 25, 2019. The €350 million, 30,000 sq meter facility is expected to create over 1,200 jobs.

CITIC Dicastal Co., Ltd. inaugurated its first factory in Morocco's Kenitra, an aluminum wheel production unit with an annual capacity of 6 million units, requiring an investment of 350 million euros.

UACJ Corporation agreed to form a joint venture with CITIC Bohai Aluminum Industries and CITIC Dicastal to manufacture automotive aluminum extruded parts, starting with bumpers and battery casings, in China. UACJ will hold 40%, CITIC Bohai 51%, and CITIC Dicastal 9%.

UACJ Corporation reached a basic agreement to form a business alliance with CITIC Bohai Aluminum and CITIC Dicastal to establish a joint venture in China for manufacturing and selling automotive extruded aluminum parts, starting with bumpers and battery casings.

China's Citic Dicastal will invest EUR 350 million to build two aluminum car wheel factories in Morocco. The first factory in Kenitra will operate from 2019, and the second in Tangier Tech city later. Annual production capacity is 6 million units, mostly for export.

CITIC Dicastal broke ground on a large-scale aluminum wheel project in Hunan province on November 5, 2016, with a total investment of 5 billion yuan, to produce 12 million aluminum wheels and 40,000 tonnes of aluminum castings per year.