Construction starts for new truck assembly plant in Algeria2/6/17
The 24,000 square meter plant is being built in two steps, with the target of assembling 1,000 vehicles in 2018, and 2,000 in 2019. The Meftah assembly plant will produce mainly the heavy duty Renault Trucks C and Renault Trucks K. The plant brings some 500 jobs to the area, whereof approximately 200 directly in the plant, which will be structured to meet the fluctuating demands of the Algerian market and the competitive environment.
The investment confirms the commitment to the Algerian market, alongside public authorities and is set to play a long-term role in the economic and social development of the country.
For the Volvo Group the plant is a major investment that also involves the transfer of skills and expertise that will help to develop competitive manufacturing facilities in Algeria.
The truck assembly will be managed in the joint venture called SOPROVI, which is 30 per cent owned by the Volvo Group and 70 per cent owned by the Algerian BSF Souakri industrial group.
The laying of the foundation stone for the plant follows on from the shareholder joint-venture agreement signed in Lyon on 25 August 2016, between the BSF Souakri industrial group and Renault Trucks.