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Algerian-Turkish joint venture Tayal to build textile mills

Algerian-Turkish joint venture Tayal aims to meet local clothing demand. Tayal will invest an estimated 150 billion dinars (1.3 billion euros) and the project will commence in November, 2015. The industrial project will be carried out in accordance with the 51/49 rule governing foreign investment in the country. The shareholders of the JV are public enterprises Apparel & Clothing (30 per cent) and Texalg (21 per cent) from the Algerian side. The Turkish company Intertay, a subsidiary of Turkish group Taypa holds the remaining 49 per cent stakes. The aim, to meet the local demand for clothing with 40 per cent of its production for the domestic market.

This textile complex also has a training school and is expected to generate more than 25,000 jobs. As per Federation National textile and leather, it also tends to revive a moribund sector between 1990 and 2000 affected by the disappearance of more than 25 businesses and 250 000 jobs. Moreover, since the 2000, the sector has been facing competition from Chinese textiles. The project partners plan to allocate 60 per cent of the production exported. Work will begin in November 2015 and should be completed by 2018.

 
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