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Lingyun Industrial Corporation plans two new factories in Morocco: an $8 million plant for automotive fluid pipelines and a $13.8 million joint venture plant with Haomei New Materials for lightweight aluminum structures.
Lingyun Industrial announced plans to build a vehicle pipes factory and a body structural parts joint venture with Haomei New Materials in Morocco, targeting European and North African markets. The auto pipes project has registered capital of EUR 7.6 million, and the body structural parts project has registered capital of CNY 100 million.