Febo Group, a major European thermoplastic resin and polymer distributor, has expanded its footprint in Morocco with the establishment of a new company in the Tangier Free Zone.
The new subsidiary, “FEBO E&R Polymers SARL”, will focus on engineering polymers and high-tech industrial applications designed for the automotive, electrical and electronics, lighting and household appliance sectors.
These are industries that are expanding in Morocco where industrial growth is accompanied by the progressive diversification of manufacturing activities.
The choice of Tangier reflects the Group’s goal of getting closer to Morocco’s main industrial hubs. The Tanger Med port, the Free Zones and the region’s manufacturing network make the area a strategic link between Moroccan, European and African supply chains.
The FEBO Tangier company will enable the Italian group to serve the Moroccan market while developing industrial and commercial relationships between Europe and Africa.
“We see significant opportunities in industrial applications that require high-performance materials,” says Giuseppe Carocchi, CEO of FEBO Group. “FEBO E&R Polymers has been established to support this evolution, bringing our expertise in engineering polymers to the local market and our ability to develop solutions together with customers.”
The new company builds on FEBO’s investment in Fnegoce, a distribution company based in Casablanca, through which the Italian group has strengthened its presence in the Moroccan commodities market.
Collaboration with Fnegoce will continue to support FEBO International’s activities, leveraging its knowledge of the market and the network of commercial relationships built with local partners.