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Turkish-Algerian JV to set up textile unit in Relizane
17
Jan '18
Construction of one of Africa's largest textile production facilities, named ‘Tayal Spa’, was flagged off recently by Algeria's industry and mines minister Youcef Yousfi in the north-western Relizane province. Fourty per cent of the production at the $1.5-billion Turkish-Algerian joint venture will cater to the domestic market while the rest would be exported.

The facility will be built in three phases on 2.5 million square-meters in the Sidi Khettap industrial zone in Relizane by the Algerian government and the Taypa textile company of the Turkish Tay Group, according to an Algerian news agency. Taypa has 49 per cent share of the facility while the Algerian government owns 51 per cent.

The first stage, comprising eight production units, a textile school, will employ 10,000 people. On completion, it is likely to employ 25,000 and annually produce 60 million meters of denim fabric and 30 million pieces of garments.

The second stage includes 10 factories that will produce readymade garments, industrial fibres, denim, and knitted and woven fabrics.

Turkey exports nearly $30 billion worth of textiles and apparel annually. (DS)

Fibre2Fashion News Desk – India


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