Turkish-Algerian
joint venture has launched one of Africa''s largest textile production
facilities in the northwestern Algerian province of Relizane. According to the
Algerian news agency APS, Algeria''s Industry and Mines Minister Youcef Yousfi
inaugurated the facility, named "TAYAL SPA," which will eventually
come at a total cost of $1.5 billion.
In
his speech at the opening ceremony, Yousfi said that 40 percent of the
production would meet the needs of the domestic market and 60 percent would be
exported.He noted that the facility, when finished, would be the largest
textile facility in Africa.The
full facility will be built in three phases on a plot of land with a total
surface area of 2.5 million square-meters in the Sidi Khettap industrial zone
of Algeria''s Relizane Province through the partnership of the Algerian
government and the Taypa textile company of the Turkish Tay Group.
According to the
partnership agreement signed in 2015, Taypa has 49-percent share of the
facility while the Algerian government owns 51 percent of the shares.The
facility will employ 10,000 people at the first stage. Once the entire facility
has seen completion, it is expected to employ 25,000 people and produce 60
million meters of denim fabric and 30 million pieces of garments annually.
The
first stage of the project consists of eight textile production units, a
textile school that will train 400 people, and 567 dwellings for the workers
and officials.The second stage includes 10 factories that will be producing
ready-made garments, industrial fibers, denim, and knitted and woven fabrics.Turkey
exports nearly $30 billion of textiles and apparel annually, according to
Merter Industrialists'' and Businessmen''s Association (MESIAD) statistics
released October 2017.
Source: Daily Sabah, Turkey Wednesday, 17 January 2018