Head of more than one company Stellantis, started production at the Tafraoui Factory in Algeria, where it invested heavily. starting.
The statement made by Stellantis about this major investment was as follows: “Stelntis, one of the world’s largest mobility companies, continues to increase its production power. Rapidly increasing its performance with its investments and collaborations, Stellantis announced that it fulfilled its commitment in November 2022 and started production at the Tafraoui production facility in Algeria. With this strategic move, Stellantis will support the development of the country’s automotive industry through the domestic production of Fiat models, including the Fiat 500 and Fiat Doblò, as well as further strengthen the company’s market share in the Middle East and Africa region. The opening ceremony, hosted by the Minister of Industry and Pharmaceutical Production Ali Aoun, was attended by Stellantis Chief Executive Officer Carlos Tavares, Deputy Minister of Enterprises and Made in Italy Valentino Valentini, Italian Ambassador to Algeria HE Giovanni Pugliese, Stellantis Middle East and Africa Operation Director Saïd Saayoud, Wali of Oran, Samir Cherfan, FIAT Chief Executive Officer Olivier François, Opel and Vauxhall Chief Executive Officer Florian Huettl, Production Director Arnaud DEBOEUF and Stellantis Algeria, Tunisia General Manager Hakim Boutehra attended. At the ceremony, a Letter of Intent was also signed between Stellantis and the Algerian authorities in order to accelerate Stellantis’ contribution to the development of the automotive industry. “This represents the second step in terms of production capacity, local integration rate and the creation of a Stellantis Academy in partnership with the Algerian Ministries of Education.”
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Speaking at the ceremony, Algerian Minister of Industry and Pharmaceutical Production, Ali Aoun, “We signed the letter of intent regarding the expansion of Stellantis’ Algerian industrial project and the expansion of the production capacity of this facility in line with the local and export markets. “As a public, we are committed to providing support to all investment projects aimed at creating prosperity and employment.” said. Stellantis CEO Carlos Tavares stated that the Dare Forward 2030 plan envisages the inclusion of Algeria in Stellantis’ regional future. “We are proud to have realized this plan by bringing the Fiat brand to the country, producing cars in Algeria and offering great models to our Algerian customers. This is the beginning of a journey of growth and development that creates added value for Tafraoui residents and Algerian customers. “We are ready to increase our commitment to the country with this development.” he said.
According to the statement, this development complements the automotive-specific agreement signed with the Algerian Agency for Investment Promotion (AAPI) in November 2022, confirming the framework agreement signed on 13 October 2022. The agreement initiates the development of industrial, aftermarket and spare parts activities for FIAT. Stellantis and its suppliers have committed an initial investment of more than 200 million euros for the production of 4 models.
Tafraoui Factory, covering an area of 80 decares, It will have an annual assembly capacity of 90 thousand cars, consisting of 4 models, starting with Fiat 500 and Fiat Doblò. It is aimed to produce 40 thousand units as SKD in 2024. The facility will assemble 90 thousand automobiles, including painting, welding and spotting, by 2026. The project, which created direct employment for 500 people in Algeria in 2023, is aimed to reach 1,200 people by the end of 2024 and 2,000 people by 2026. Additionally, the local supplier ecosystem will create over 1,600 indirect jobs by 2026.