Aluminium du Maroc says it will shut down its steel business and put all its energy into aluminium. The decision was approved at a board meeting led by Abdeslam El Alami.
The steel unit brings in only 5% of revenue and lost 4 million dirhams last year. The shutdown will take about two years. The company plans to reuse the factories and logistics space for new aluminium projects.
The change will cost the company 8.9 million dirhams in 2026 as a one-off hit. Managers say better aluminium sales and tighter spending should cover about half of that.
Looking further ahead, the company expects the move to add 12.4 million dirhams to profits and 13.6 million dirhams in extra cash by 2035.
Almost all workers in the steel unit will be retrained and moved into aluminium roles.
The shift follows a good year. Net profit reached 66.3 million dirhams in 2025, up 60% from the year before.
A 2024 merger with Industube boosted production capacity by 35% to 27,000 tonnes a year and nearly doubled the company’s land. The deal could add about 30% to revenue and push turnover towards 1.5 billion dirhams.
The company still faces big swings in global aluminium prices, tough competition from Asian producers and stricter environmental rules in Europe. It is also expanding into car parts and solar energy products.
