Algeria's Prime Minister, Siivi Grib, has announced plans to revive several industrial projects across the country. The announcement was made during a visit to the Tissemsilt province, where he inaugurated a new plastics factory, General Plastics Injection, owned by the state-owned chemical company, ACS. The factory, which cost 5 billion dinars to build, will produce 251,000 plastic parts per year for the automotive industry.
The Prime Minister emphasized that all car manufacturers in Algeria will be required to use locally produced plastic parts, starting from 2027. This move aims to increase the national integration rate in the automotive industry and promote the use of domestic products. Grib stressed that the government will enforce a clear set of rules and regulations to ensure that car manufacturers comply with this requirement.
The General Plastics Injection factory is expected to create 300 direct jobs and 500 indirect jobs, contributing to the local economy. The factory will produce plastic parts for various industries, including automotive, appliances, and medical equipment. The Prime Minister highlighted that the project is part of the government's efforts to revive and reactivate confiscated assets and promote economic growth.
The Algerian government has been working to revive several industrial projects that were previously stalled or confiscated. The Prime Minister stated that President Abdelmadjid Tebboune is closely monitoring the progress of these projects and is committed to seeing them through to completion. The government's efforts aim to boost economic growth, create jobs, and reduce reliance on imports.
The plastics factory in Tissemsilt is one of several projects that have been revived or launched in recent months. The government has been working to attract investment and promote economic development in various sectors, including industry, agriculture, and services. The Prime Minister emphasized that the government's goal is to create a strong and diversified economy that can compete globally.
The use of locally produced plastic parts is expected to increase the national integration rate in the automotive industry to 40% in the first phase, with plans to reach 70% in the future. The Prime Minister stressed that the government will continue to support and promote the use of domestic products, and that building a strong national economy is a collective responsibility.
The revival of industrial projects in Algeria is part of the government's broader efforts to promote economic growth and development. The Prime Minister's visit to Tissemsilt and the inauguration of the plastics factory demonstrate the government's commitment to reviving and reactivating industrial projects and promoting economic development in the region.
Key points
- The Algerian government has mandated local car manufacturers to use domestically produced plastic parts starting from 2027.
- A new plastics factory, General Plastics Injection, has been inaugurated in Tissemsilt, Algeria, to produce plastic parts for the automotive industry.
- The factory is expected to create 800 jobs and contribute to the local economy.
