18 December 2012

Algeria: Renault to Open Oran Factory

French carmaker Renault on Tuesday (December 18th) confirmed plans to build a new plant in Algeria, Le Monde reported. The contract is expected to be signed on Wednesday, the first day of French President Francois Hollande's visit to Algeria.

The Renault factory near Oran should open by 2014. The plant will have an initial capacity of 25,000 vehicles per year.

Annual production is expected to reach 75,000 cars.

Copyright © 2012 Magharebia. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.