Nuti Ivo creates a modern tannery in Morocco – Today Morocco

Nuti Ivo creates a modern tannery in Morocco – Today Morocco
Nuti Ivo creates a modern tannery in Morocco – Today Morocco

This project should generate an annual turnover of 300 million dirhams, more than 90% of which is intended for export and 265 direct jobs in the long term.

The Italian group Nuti Ivo will create a modern tannery in Morocco. A memorandum of understanding was signed to this effect on Tuesday May 28 in the presence of Ryad Mezzour, Minister of Industry and Commerce and Fabrizio Nuti, General Director of Nuti Ivo. Covering the period from 2025 to 2029, this memorandum covers an investment of more than 131.2 million dirhams as well as the achievement of an annual turnover of 300 million dirhams, more than 90% of which is intended for export and 265 direct jobs in the long term. Daily production is estimated at 11,500 skins, which will mainly come from local sources. “The tanning industry in Morocco is a historic sector undergoing rapid change in the face of environmental challenges and requirements. The new project of the modern tannery of the Nuti Ivo group fits perfectly into this dynamic, since it will meet the requirements of target markets regarding respect for quality and environmental standards and will make it possible to provide a medium and high-end raw material. », indicates in this sense Ryad Mezzour. And added: “This represents a great opportunity for companies in the Moroccan leather ecosystem wishing to significantly move upmarket.” The Nuti Ivo group of Tanneries is one of the largest in Italy. It has a turnover of 150 million euros and employs more than 300 people. The group has been present in Morocco since 2010 with the Shihara tannery located in Marrakech in the industrial zone of Sidi Ghanem. This tannery achieves a turnover of more than 109.3 million dirhams mainly from exports, notably to Italy, China and Thailand. The new project subject of the memorandum of understanding will be designed in a logic of circular economy and sustainability, through the use of solar energy for part of the tannery’s electricity needs, waste treatment and recovery. of the latter, particularly for the production of fertilizers, compost and gelatin.

-

-

NEXT what are the most reliable charging networks?