Nissan Motor Co Ltd and Groupe Hasnaoui are to invest a total of $160 million in a new Nissan vehicle plant in Algeria, to meet growing customer demand in the country and across Africa.
The two companies are setting up a joint venture, having received approval from the Algerian government at the end of last year.
The plant will have the capacity to build 63,500 passenger cars and light commercial vehicles annually, and it will produce several models.
The Nissan car plant is expected to create at least 1,800 jobs in Algeria and support many more in the supply chain. Nissan teams from Japan will work with suppliers in the country to develop the local component industry through technical support, training and skills exchange.
Groupe Hasnaoui (www.groupe-hasnaoui.com), founded in 1964 by Abdallah Hasnaoui and a major player in the Algerian economy (with interests in industry, distribution and services), is now headed by two co-presidents: Feriel Hasnaoui and Sefiane Hasnaoui.
It is Nissan’s distributor in Algeria, and the two companies have been partners for 25 years.
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