Aluminium du Maroc

Aluminium du Maroc is a Moroccan manufacturer of aluminium alloy and related aluminium products. The company was established in 1976 by the Abdelaziz el-Alami Group in partnership with Pechiney, the French aluminium conglomerate. Its industrial activities are associated with the production and supply of aluminium alloy for a range of downstream applications, including construction, mechanical engineering, electrical equipment, transport and telecommunications. The company’s development has included both organic expansion and investments involving related businesses. In 1993, it acquired Afric Industries. In 1998, it became a publicly traded company on the Casablanca Stock Exchange. The company subsequently expanded its main facility in Tangier, with work beginning in 2005 to double production capacity. It also launched Alucoil Maroc in 2010 and acquired Industube in 2012. Between 2017 and 2019, Spain-based Alucoil held a minority shareholding, linking Aluminium du Maroc to a wider group of aluminium and composite-panel activities during that period. Aluminium du Maroc operates as a subsidiary of the El Alami Group while retaining a listing in Morocco’s capital market. Public descriptions position it primarily as an industrial materials supplier rather than a consumer-facing brand. Its products are used by professional customers and industrial sectors where aluminium alloy is required for fabricated components, structures, equipment or other applications. The available reference material does not establish a complete current catalogue, production volume, export profile, plant footprint or detailed ownership structure. The company has also experienced significant corporate events. In 2016, it was the victim of a fraud involving a falsified IBAN and a reported loss of 49 million Moroccan dirhams. In 2020, disagreements concerning the company’s strategic direction created governance tensions around Chief Executive Officer Abdelouahed El Alami. The dispute, led in part by his brother Mohamed El Alami, culminated in a leadership transition in July 2020, when Mohamed El Alami succeeded Abdelouahed as chief executive. The available material does not provide sufficient information to identify the current chief executive, subsequent financial performance or later strategic changes.

Aluminium du Maroc was founded in 1976 by the Abdelaziz el-Alami Group in partnership with Pechiney, a major French aluminium company. Its original industrial purpose was to manufacture aluminium alloy in Morocco and supply the material to downstream professional and industrial users. The company’s customer sectors have included construction, mechanical engineering, electrical equipment, transport and telecommunications. The company pursued growth through acquisitions, new ventures and capacity expansion. It acquired Afric Industries in 1993, adding to its industrial footprint before becoming a publicly traded company on the Casablanca Stock Exchange in 1998. In 2005, it began expanding its principal facility in Tangier with the objective of doubling production capacity. This investment reflected the company’s role in Morocco’s industrial supply chain and its efforts to increase manufacturing capability. Aluminium du Maroc later broadened its corporate portfolio. It launched Alucoil Maroc in 2010 and acquired Industube in 2012. Spain-based Alucoil became a minority shareholder between 2017 and 2019. These developments connected the company with other aluminium-related activities while its core identity remained that of a Moroccan aluminium-alloy manufacturer. The company operates within the El Alami Group and has remained associated with Morocco’s listed industrial sector. Its history also includes a major security and financial incident. In 2016, Aluminium du Maroc was the victim of a fraud involving a falsified IBAN. The reported amount was 49 million Moroccan dirhams. The available account does not provide further details about the investigation, recovery of funds or legal outcome. A governance dispute emerged in 2020 over the strategic direction promoted by Chief Executive Officer Abdelouahed El Alami. The disagreement was led in part by his brother Mohamed El Alami and resulted in a change at the top of the company. Mohamed El Alami succeeded Abdelouahed as chief executive in July 2020. Publicly available material supplied for this entry does not establish the subsequent leadership, later ownership changes, current production capacity or detailed recent operating performance. Accordingly, the company’s documented history is strongest for its founding, listing, capacity expansion, acquisitions, minority investment period, fraud incident and 2020 leadership transition.

1. 2020Chief executive transition

   Mohamed El Alami succeeded Abdelouahed El Alami as chief executive in July following internal disagreements over strategic direction.

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2. 2017Alucoil becomes a minority shareholder

   Spain-based Alucoil held a minority shareholding in Aluminium du Maroc from 2017 to 2019.

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3. 2012Industube acquired

   The company acquired Industube.

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4. 2010Alucoil Maroc launched

   Aluminium du Maroc launched Alucoil Maroc as part of its broader aluminium-related activities.

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5. 2005Tangier facility expansion begins

   The company began expanding its main Tangier facility with the stated aim of doubling production capacity.

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6. 1998Casablanca Stock Exchange listing

   Aluminium du Maroc was listed on the Casablanca Stock Exchange.

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7. 1993Acquisition of Afric Industries

   The company acquired Afric Industries as part of its corporate and industrial development.

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8. 1976Company established

   Aluminium du Maroc was established by the Abdelaziz el-Alami Group in partnership with French aluminium company Pechiney.

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Moroccan industrial aluminium-alloy manufacturer and supplier serving construction and diversified industrial markets.

• Aluminium alloyPrimary industrial material1976

  Aluminium alloy is the company’s principal documented product category. Aluminium du Maroc manufactures and supplies alloy material for professional customers in construction and in mechanical, electrical, transport and telecommunications industries. The available sources do not specify alloy grades, fabrication formats, technical standards, production volumes or current product branding.

• Aluminium profiles and fabricated productsProcessed aluminium products

  The company is associated with aluminium products used in construction and industrial applications, including profile-based or otherwise fabricated materials. Publicly available information supplied for this entry does not provide a definitive catalogue or confirm individual product families, so this entry describes the downstream category rather than a specific branded range.

• 2020Change in chief executiveOther

  Internal disagreements arose over the strategic direction associated with CEO Abdelouahed El Alami, with Mohamed El Alami leading opposition to that direction.

  What changed. Mohamed El Alami succeeded Abdelouahed El Alami as chief executive in July 2020.

  Aftermath. The transition resolved the immediate leadership issue described in the source, but later governance and strategy are not documented in the supplied material.

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• 2012Acquisition of IndustubeM&A

  The company continued developing its industrial portfolio through acquisition.

  What changed. Aluminium du Maroc acquired Industube.

  Aftermath. No further transaction terms or integration information are provided in the available material.

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• 2010Launch of Alucoil MarocM&A

  Aluminium du Maroc expanded its related aluminium activities through a new venture.

  What changed. The company launched Alucoil Maroc.

  Aftermath. The supplied sources do not describe the venture’s subsequent operating scope or performance.

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• 2005Expand the Tangier production facilityStrategy

  The company sought to increase its industrial capacity in response to its role as an aluminium-alloy supplier to construction and multiple industrial sectors.

  What changed. It began expanding its main Tangier facility with the objective of doubling production capacity.

  Aftermath. The available material confirms the planned capacity increase but does not document the completed output level or later utilization.

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• 2016Fraud involving a falsified IBANControversy

  Aluminium du Maroc was reported to have suffered a fraud involving a falsified IBAN, with the reported financial impact reaching 49 million Moroccan dirhams. The available reference does not establish the final legal disposition or whether the funds were recovered.

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• 2020Leadership transition follows strategic disagreements

  Internal disagreements over the strategic direction associated with CEO Abdelouahed El Alami produced governance tensions. Mohamed El Alami subsequently succeeded him as chief executive in July 2020.

  Leadership changeOther
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1. Aluminium du Maroc