King Mohammed dedicates cold-roll complex

Morocco's King Mohammed VI, accompanied by Prince Moulay Rachid and Prince Moulay Ismail, dedicated in Casablanca Friday a cold-roll complex.

The king heard explanations on the new industrial unit and visited the different installations of the facility, built by Maghreb Steel at an investment of 500 million Dirhams ($43.47 million) and that will generate 400 direct jobs.

The unit, that will produce 250,000 tons, stretches over 30 hectares.

Maghreb Steel, which markets cold-rolled and galvanized iron and steel, was set up in 1975. The company posted a turnover of 620 million Dirhams ($ 53.91 million) in 2001. It exports its output to Spain, England, Tunisia, Cote D'Ivoire and Burkina Faso.