NBGF plans to invest in a production base in Morocco to expand its overseas market

Zhitong
2025.07.17 07:42
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According to the Zhitong Finance APP, NBGF announced that the company plans to establish a wholly-owned subsidiary in Hainan or directly invest in the construction of a production base in Morocco through a Singapore company. The total planned investment for this project will not exceed USD 20 million. The announcement stated that investing in and constructing a factory in Morocco will help the company improve its global industrial layout, eliminate geopolitical factors, enhance the company's overall strength, assist in expanding overseas markets, build global delivery capabilities, and better meet the order demands of international customers

According to the Zhitong Finance APP, Ningbo Gaofa (603788.SH) announced that the company plans to establish a wholly-owned subsidiary in Hainan or directly invest in the construction of a production base in Morocco through a Singapore company, with a total planned investment not exceeding USD 20 million.

The announcement stated that the company's investment in building a factory in Morocco will help improve its global industrial layout, eliminate geopolitical factors, enhance the company's overall strength, assist in expanding overseas markets, create global delivery capabilities, and better meet the order demands of international customers

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