Spanish food company Vicky Foods has invested 19 million euros in expanding its factory in Sig, Mascara province, Algeria. The project aims to double the factory's production capacity and expand its product range. The investment will be used to build a new 10,000 square meter production facility, install two new production lines, and develop logistics and technology infrastructure, including a new warehouse and product development laboratories.
The first production line began operating in July, focusing on producing sponge cake sheets with a capacity of 7,000 tons. The second line, which will produce bakery products such as hamburger buns and other varieties, is expected to start operations in October with a capacity of 8,000 tons. The new lines will increase the factory's production capacity by 15,000 tons, enabling the company to expand its presence in the Algerian processed food market and diversify its products.
The Sig factory, established in 2014, was Vicky Foods' first production site outside Spain. The company has since expanded its operations to France and Portugal, and currently has industrial presence in four countries: Spain, Algeria, France, and Portugal. The factory's expansion is part of Vicky Foods' long-term international growth strategy, which aims to strengthen its position in the global market.
According to Vicky Foods' CEO, Rafael Juan, the investment reflects the company's commitment to its industrial project in Algeria. The new production lines will enable the company to double its production capacity and add new products to its range. The project is expected to create around 100 jobs in the short to medium term, contributing to the local economy.
The expansion project includes the development of a new warehouse and laboratories for product analysis and development. This will enable the company to improve its research and development capabilities, and respond to changing consumer preferences in the Algerian market. The investment is also expected to have a positive impact on the local community, through job creation and economic growth.
Vicky Foods' expansion in Algeria is part of a broader trend of foreign investment in the country's food processing sector. The Algerian government has been promoting investment in the sector, as part of its efforts to diversify the economy and reduce dependence on oil exports. The country's food processing sector has significant growth potential, driven by a large and growing population, and increasing demand for processed foods.
The Sig factory's expansion will enable Vicky Foods to increase its production capacity and improve its competitiveness in the Algerian market. The company's commitment to investing in Algeria reflects its confidence in the country's economic prospects, and its potential for growth and development. The project is expected to have a positive impact on the local economy, and contribute to the country's food security.
Key points
- Vicky Foods invests 19 million euros to expand its Sig factory in Algeria's Mascara province.
- The expansion project aims to double the factory's production capacity and expand its product range.
- The project is expected to create around 100 jobs in the short to medium term, contributing to the local economy.
