Home / Knowledge / News / Textiles / Work begins on Algerian-Turkish textiles project
Work begins on Algerian-Turkish textiles project
30
Dec '15
Work has started on an Algerian-Turkish joint venture for an integrated textile complex in Algeria's Sidi El Khettab industrial park near the city of Relizane, the Algeria Press Service has reported. The project is the first of its kind and the largest in Africa.

On the Algerian side, the joint venture, called Tayal, is composed of Algerian public enterprises Apparel & Clothing, which owns 30 per cent stake, and Texalg, which owns 21 per cent stake. The remaining 49 per cent stake is owned by a Turkish company, Intertay, which is a subsidiary of Turkish group Taypa.

The proposed investment in the joint venture is about $1.42 billion. It is expected to take about three years to complete and will create about 25,000 jobs.

It will be carried out in two phases, the first is from 2015 to 2018 and provides for eight weaving and clothing units, a business centre, a school to provide training in weaving and sewing to 400 trainees and a residential city for the employees, said Mohamed Laid Hamzaoui, Relizane province's Director of Industry and Mines.

The second phase, to be launched before the end of the first phase, concerns the construction of ten other factories manufacturing accessories of ready-to-wear clothes and synthetic fibres, he added.

Forty per cent of the production from the complex is to go to the local markets for domestic consumption while the remaining 60 per cent will be exported.

The extension of the African Growth and Opportunities Act (AGOA) for another ten-year period by the US government earlier this year has given a boost to the textile and apparel industry in Africa, with many companies investing to set up manufacturing units.(SH)

Fibre2Fashion News Desk - India


Must ReadView All

China reportedly cancels trade talks with US, Liu He visit

Apparel/Garments | On 22nd Sep 2018

China reportedly cancels trade talks with US, Liu He visit

Washington is reportedly positive about arriving at a solution to its ...

AmCham Cambodia cautions US against possible sanctions

Apparel/Garments | On 22nd Sep 2018

AmCham Cambodia cautions US against possible sanctions

In a letter to US lawmakers, the American Chamber of Commerce...

Courtesy: ycloset

Apparel/Garments | On 22nd Sep 2018

Alibaba invests in clothes sharing platform Ycloset

Chinese garment sharing platform YCloset has completed an undisclosed ...

Interviews View All

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search