Hangyu Technology, a Chinese aerospace components manufacturer, has decided to relocate its planned production base from Slovakia to Morocco. The company plans to invest up to €105 million in the project, which was initially approved in February for Slovakia's Košice region. However, new administrative procedures delayed the original project, prompting Hangyu Technology to scrap the Slovak project and close its subsidiary there.
The company will instead develop the production base in Mohammed VI Tangier Tech City. The facility will include a forging production line and supporting industrial facilities for aerospace components. The Morocco project remains in its early preparation stage, with Hangyu Technology needing to complete China's overseas investment procedures as well as construction permits and company registration requirements in Morocco.
Hangyu Technology will develop the Morocco project through its subsidiary, Sichuan Delan Aviation Technology Development. Delan will establish a wholly owned subsidiary in Morocco to oversee the project, while Hangyu plans to provide about $42 million in funding. The company produces high-end forgings and precision components for aerospace engines, gas turbines, and other industrial applications.
Hangyu Technology's international customers include major aerospace and engine manufacturers such as GE Aerospace, Safran, Rolls-Royce, Pratt & Whitney, and Honeywell. The company's products are used in various aerospace applications, showcasing its expertise in the industry. This investment adds to Morocco's growing aerospace manufacturing base, which now includes around 160 companies and employs about 25,000 people.
Morocco's aerospace sector has seen significant growth, with annual exports reaching roughly $3 billion. Industry group GIMAS expects exports to rise to $5 billion within the next three years. The country has attracted major international aerospace companies, including Safran, which launched an aircraft landing systems plant in Nouaceur in 2026.
The investment also strengthens economic ties between Morocco and China. The two countries established a strategic partnership in 2016 and signed a memorandum on cooperation under China's Belt and Road Initiative in 2017. They agreed on a cooperation plan under the initiative in 2022, with bilateral trade between Morocco and China exceeding $10 billion in 2025.
Chinese officials have highlighted the growing economic cooperation between the two countries, with China becoming Morocco's third-largest trading partner and its largest trading partner in Asia. The two countries continue to expand cooperation across sectors, including infrastructure, renewable energy, electric mobility, and artificial intelligence.
Key points
- Hangyu Technology's €105 million investment in Morocco's aerospace sector
- The project will be developed in Mohammed VI Tangier Tech City
- Morocco's aerospace exports are expected to reach $5 billion within the next three years
