On Thursday, Algerian Prime Minister Aïmene Benabderrahmane, on behalf of President Abdelmadjid Tebboune, inaugurated a car parts factory, "General Plastic Injection", in Tissemsilt. The factory is owned by the holding company for chemical specialties, ACS. The inauguration ceremony was attended by several ministers, including the Minister of Interior, Local Authorities, and Transport, Saïd Saïd, the Minister of Finance, Mohamed Lamine Labo, and the Minister of Industry, Ferid Kortaleb.
The factory, located in the municipality of Khémisti, is part of the government's efforts to revive and reintegrate confiscated assets into the national economy. The project, which began in April, aims to support productive investment and enhance the national industry's capabilities, particularly in the automotive sector. This will contribute to developing local production chains, increasing the national integration rate, and reducing reliance on imports.
The factory will produce 251,000 car parts annually, with a national integration rate of 40% in the first phase, expected to rise to 70% in the future. The produced parts will equip around 200,000 vehicles. The factory will cater to various industrial sectors, including household appliances, cable manufacturing, refrigeration, air conditioning, medical equipment, packaging, and construction materials.
The project is expected to create 300 direct jobs and 500 indirect jobs, stimulating economic and social development in the region. It will also boost commercial activity, support investment, and improve transportation and logistics services. The factory's launch offers new opportunities for small and medium-sized enterprises and the plastic industry.
The Prime Minister inspected the factory and received a detailed presentation on its activities, including the manufacturing process and prospects for development. The project's implementation aligns with President Tebboune's commitments to reviving confiscated assets and reintegrating them into the national economy.
The factory will produce various plastic components, including car parts, electrical appliances, medical equipment, and construction materials. The project's success is expected to have a positive impact on the local economy and contribute to Algeria's economic growth.
The inauguration of the factory marks a significant step towards achieving Algeria's goals in the automotive sector and promoting local industry. The project's development will be closely monitored, and its impact on the national economy and job creation will be assessed.
Key points
- The factory will produce 251,000 car parts annually with a 40% national integration rate in the first phase.
- The project will create 300 direct jobs and 500 indirect jobs, stimulating economic and social development in the region.
- The factory's launch supports Algeria's efforts to reduce reliance on imports and promote local industry.
