PROJECT

Projects

Summary of Investment Information

Project Number

40130

Company Name

ONE TECH HOLDING

Date SPI Disclosed

May 30, 2020

Country

Tunisia

Region

Africa

Projected Board Date

Jun 29, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 30, 2022

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Previous Events

Approved : Jun 29, 2020
Signed : Jun 30, 2020
Invested : Nov 29, 2021

Sector

Electrical Machinery, Equipment and Components (Electric Lighting, Motors, Batteries, Insulated Wires and Cables, Fiber Optic Cable, Carbon and Graphite Products, etc.)

Project Description

The EUR 50 million investment program during 2019-2021 targets to; i) to increase existing production capacities in Tunisia and Morocco and invest in more sophisticated technology, processes and machinery to manufacture higher value added products; and ii) cater to increasing presence of Original Equipment Manufacturers in Morocco and Tunisia as a result of shifting automotive production from Europe to these countries;

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation