Guizhou Tyre Co., Ltd. (贵州轮胎) has completed all domestic approval and filing procedures for its planned US$298.7 million semi-steel radial tyre plant in Morocco, moving its proposed second overseas manufacturing base closer to construction.
The company said on August 12 that its wholly owned subsidiary, Guizhou Advance Tyre Investment Co., Ltd., had completed the overseas-investment filing for the project and received an Overseas Investment Certificate from the Guizhou provincial commerce department on August 11.
The company said the project has also obtained approval from the Guizhou State-owned Assets Supervision and Administration Commission and an overseas-investment project filing notice from the Guizhou Development and Reform Commission. These steps complete the domestic approvals and filings required for the investment.
Guizhou Tyre’s board approved the project on January 5. The company plans to establish a Moroccan subsidiary and build an intelligent plant with annual capacity of 6 million semi-steel radial tyres in Mohammed VI Tanger Tech City near Tangier.
The planned investment totals US$298.72 million, including US$293.02 million in construction spending. The company expects the project to take about two years to build and has forecast average annual revenue of US$182.52 million and average annual pre-tax profit of US$40.87 million once normal operations begin. Those figures are project feasibility estimates, not earnings guidance.
Guizhou Tyre already operates an overseas manufacturing base in Vietnam, where its Phase III passenger-car radial tyre line entered operation in March. The Morocco facility is intended to become the company’s second overseas production base and expand its capacity for semi-steel radial tyres.
The project remains in its pre-construction stage. Guizhou Tyre said it will next pursue industrial-park entry approval and establish the Moroccan subsidiary before starting construction. The timing of these local procedures remains uncertain.
The progress reflects a broader move by Chinese tyre makers to add overseas production capacity as they seek to serve international customers more directly and diversify manufacturing and supply-chain exposure. Morocco’s industrial infrastructure and proximity to European markets have made it an increasingly important location for automotive suppliers and tyre producers.
Whether the plant ultimately secures preferential market access will depend on applicable rules of origin, product compliance requirements and trade policies in each destination market. The next milestones will be the Moroccan entity’s registration, local permits, construction start and eventual commissioning.