Hangyu Technology is moving its planned forging project from Slovakia to Mohammed VI Tangier Tech City after administrative checks delayed Slovak approvals by about eight months.
The Slovak subsidiary never began operations, and construction had not started. Hangyu Technology's board approved the relocation of the planned forging-components project from eastern Slovakia to Cité Mohammed VI Tanger Tech in Morocco on October 8, 2026. The company cited additional administrative checks in Slovakia that delayed approvals by about eight months. Morocco offered a clearer regulatory route, Le Matin reported.
For now, the decision concerns a project that remained at the planning stage.
Hangyu's Slovak project was approved on February 6, 2026, with a planned site of more than 15 hectares. The company plans to wind down its Slovak subsidiary. That earlier proposal set annual output of up to 80,000 forged components. It also projected 335 direct jobs. Hangyu has not announced separate production or employment figures for the Tangier project.
The investment ceiling is €105 million, equivalent to about $117.36 million in published reports. Those reports also put the figure at 862 million yuan. In Moroccan dirhams, the equivalent is 1.15 billion.
Hangyu approved an initial capital contribution of 300 million yuan, or about €36 million, for the project company. The remaining investment is expected to come from the group's own funds and other resources as the project advances. The Moroccan venture is associated with the working name Atlas Advanced Materials. It is planned through a wholly owned structure linked to Sichuan Delan Aviation Technology Development.
The proposed facility would make forged metal components for industrial equipment. Hangyu's aviation-industry profile places the project in the wider context of high-technology and aerospace supply chains. Its proposed location in Mohammed VI Tangier Tech City connects it to an export-oriented industrial setting, Tanger Med port and international transport routes.
Tangier's export infrastructure draws manufacturers serving European and other markets. The industrial and free-zone area is described as covering between 947 and 972 hectares. It sits within a broader development that includes a 2,167-hectare smart city. The proposed Hangyu site is a separate project: the more-than-15-hectare figure applied to the earlier Slovak plan, not an announced land area for the Tangier factory.
The Tangier offer covers more than 1,220 hectares. It includes residential and commercial areas. Healthcare facilities are also part of the offer, alongside ready-to-use plots for multinational companies and small-to-medium enterprises.
Investor incentives include a full corporate income tax exemption for the first five years, followed by scaled rates. The package also exempts investors from VAT and customs duties. It provides for currency conversion and transfers, and permits the repatriation of profits and capital.
Relocation approval does not authorize construction or the transfer of funds. Hangyu still needs to complete Chinese overseas-investment procedures, including registrations with the Ministry of Commerce and the State Administration of Foreign Exchange. In Morocco, the company must complete its registration. It also needs investment and construction permits, and must secure the land. Hangyu has signed a preliminary agreement expressing its intention to acquire a site, but the purchase has not been finalized.
The decision adds a prospective manufacturing project to the discussion of local industrial capacity explored in Morocco's industrial challenge.
The Moroccan facility has not begun construction, and the land transaction and required permits remain outstanding. Hangyu has announced neither a launch date nor a Morocco-specific employment target.
