Boway alloy shifts $15bn investment from Vietnam to Morocco

Ningbo Boway Alloy Material has announced the termination of its plan to establish a wholly-owned subsidiary and invest in a production base in Vietnam, initially approved on December 6, 2024. The board of directors' decision, made on November 7, 2025, was due to significant changes in international trade policies that impacted the project's projected investment returns. This project, which involved an investment of $15,000m, had not yet commenced construction.

Concurrently, the company approved a new plan to invest up to $15,000m in Morocco. This investment aims to establish a production base for 30,000 tons of special alloy electronic material strips annually. A new wholly-owned subsidiary, Boway Alloy New Material (Morocco) Co., Ltd., will be formed to oversee the project, which is currently in the preparatory phase.

This strategic shift aligns with Boway Alloy Material's internationalization strategy, seeking to meet customer demands and build overseas manufacturing facilities, while addressing complex international trade policies. The Moroccan project still requires approval from various domestic and local authorities before full implementation.