Loading…
news

Largest textile facility constructed by a Turkish-Algerian JV in Africa

YarnsandFibers News Bureau 2018-01-16 11:00:00 – Africa

Algeria’s Industry and Mines Minister Youcef Yousfi inaugurated Africa’s largest textile production facility, named “TAYAL SPA”, in the northwestern Algerian province of Relizance. The textile facility is the result of Turkish-Algerian joint venture which will eventually come at a total cost of $1.5 billion.

In his speech at the opening ceremony, Yousfi said that 40 percent of the production would meet the needs of the domestic market and 60 percent would be exported.

He noted that the facility, when finished, would be the largest textile facility in Africa constructed by a Turkish-Algerian partnership.

The full facility will be built in three phases on a plot of land with a total surface area of 2.5 million square-meters in the Sidi Khettap industrial zone of Algeria's Relizane Province through the partnership of the Algerian government and the Taypa textile company of the Turkish Tay Group.

The first stage of the project consists of eight textile production units, a textile school that will train 400 people, and 567 dwellings for the workers and officials.

The second stage includes 10 factories that will be producing ready-made garments, industrial fibers, denim, and knitted and woven fabrics.

The facility will employ 10,000 people at the first stage. Once the entire facility has seen completion, it is expected to employ 25,000 people and produce 60 million meters of denim fabric and 30 million pieces of garments annually.

The partnership agreement was signed in 2015. As per the agreement, Taypa has 49-percent share of the facility while the Algerian government owns 51 percent of the shares.

0 0 vote
Article Rating
0 Comments
Inline Feedbacks
View all comments

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!

WeCreativez WhatsApp Support
Our support team is here to answer your questions via WhatsApp. Ask us anything!
? Hello