Abdelmalek Sellal, prime minister of Algeria, and Carlos Ghosn, chairman and CEO of Renault, today inaugurated the Oued Tlelat car manufacturing plant in Oran alongside Algerian and French ministers. With an initial production capacity of 25,000 vehicles a year, the plant will contribute to the development of the automotive industry in Algeria.
The Renault Algérie Production plant is a strategic and efficient Algerian plant. It is the result of a robust cooperative initiative between Renault and Algeria that gives birth to an automotive industry in Algeria, the second-largest automotive market on the African continent.
The plant produces the new Renault Symbol with an annual production capacity of 25,000 units. It will be the first vehicle in the country to feature a GPS navigation system. A second phase with an increase to 75,000 vehicles per year is under consideration and will include closer integration of suppliers, as well as body and paint shops.
For Renault, which is the leading carmaker in Algeria and has a market share of over 25 percent, this industrial project is the culmination of more than 90 years’ presence in the country. At end-2013 the Renault group had been the unrivalled leader in the Algerian automotive market for eight years with its Renault and Dacia brands. The project was also brought to fruition through the hard work of men and women. As part of a dynamic recruitment and training policy, close to 350 employees were hired at the plant, 40 percent of them women. In addition, some 500 new jobs were created in subcontracting.
Speaking at the inauguration of the plant Carlos Ghosn said: “Renault is proud to be the first carmaker to set up industrial operations in Algeria and thereby contribute to the development of a national automotive industry.”