Settat:Korean company SEOIL Corporation, known for manufacturing drinking straws, has inaugurated its first factory in Africa. The facility is located in the LOGINTEK industrial and logistics zone in Settat province, central Morocco. This marks the group's ninth production site worldwide and underscores the confidence foreign investors have in Morocco's industry potential and its strategic position as a hub connecting African, European, and international markets.
According to Agence Marocaine De Presse, SEOIL CEO Kim Kyung Tae expressed that the investment aligns with a long-term vision based on trust in Moroccan competencies, industrial strengths, and strategic geographical location. The new facility is expected to enhance the group's international market presence while fostering knowledge transfer and developing local skills through training programs and exchanges with SEOIL's other production sites.
Youssef Fadil, Director General of Industry at the Ministry of Industry and Trade, stated that the decision by the Korean group to invest in Morocco confirms the country's appeal as an industrial platform capable of attracting international investments that generate added value. He noted that the project is part of economic outreach efforts in Korea and the industrial momentum driven under the leadership of His Majesty King Mohammed VI, emphasizing Morocco's modern infrastructure and favorable business climate.
Samir Filali Chahad, CEO of ZINAFRIK Développement, the developer behind the LOGINTEK project, mentioned that the first phase of the industrial and logistics zone has a commercialization rate of 92%, with a second phase planned to accommodate new industrial facilities. SEOIL Morocco Corporation's factory, covering 24,790 square meters, will have an annual production capacity of six billion straws, with 95% destined for export. It includes systems to optimize resource consumption, such as water recycling and energy-efficient equipment, with plans for a solar photovoltaic panel installation.
SEOIL Corporation, founded in 1979 in Korea, supplies over 50 billion straws annually to customers in more than 110 countries. The opening of its factory in Settat represents a significant step in the company's international expansion and in strengthening industrial cooperation between Morocco and Korea.