Thursday , August 5 2021

Signing of a joint venture contract for the assembly of agricultural tractors



It was at the headquarters of the Mahindra agricultural tractor assembly plant, located in the industrial area of ​​Oued Aissi, east of the main city of wilaya. In establishing an administrative and legal mechanism for the creation of this joint venture, Azouaou Lahlou, Chairman and Chief Executive Officer of LD Azouaou, and Arvind Mathew, Head of International Operations, respectively. Mahindra and Mahindra LTD, which, as is known, hold a minority stake. This joint venture agreement will, said Eurl CEO LD Azzouaou, our agricultural tractor unit Mahindra Oued Aissi (Tizi Ouzou) to go to export and penetrate durably and effectively some markets, especially North African and European and will strengthen the presence in Algeria of this Indian group Mahindra LTD, present, said Arvind Mathew in 40 countries.
The company I represent, he says, sells more than 330,000 tractors a year on a global scale, "he said." In Algeria, where we have been present since 2010, we have a total of 32 points of contact for business operations and after-sales service and 3,200 customers, "Mahindra and Mahindra LTD, head of international operations, said at the signing ceremony of the agreement to create a joint venture for the assembly of agricultural tractors, Moula Hamitouche, local director of Industry and Mines, this unit design of tractor assembly and agricultural equipment manufacturing.
"This agreement provides for competitiveness through the implementation of important elements such as training and innovation, by setting up a training center and signing agreements with the sectors of vocational training and higher education," he said. The manufacture of precision mechanical parts, he continued, represents the heart of this investment, believing that this will help to develop outsourcing and improve product integration rate. Also present at this ceremony, the president of the Wilaya People's Assembly, APW of Tizi Ouzou, Youcef Aouchiche, expressed the interest of the institution that directs this creative investment, he said. , wealth and jobs.
"The Tizi Ouzou APW will accompany you in your footsteps to obtain the necessary authorizations for your Eurl to go into production," said P / APW. The Algerian-Indian Mahindra unit for the assembly of agricultural tractors in Oued Aissi (Tizi Ouzou) provides for the creation of 220 direct jobs at the start of the activity to exceed 500 in full activity, as well as more than 1,000 other jobs. indirect jobs that will be created through the creation of distribution networks in different wilayas. This agricultural tractor assembly unit, whose realization cost is over 2.5 billion dinars, has an annual production capacity of 3,000 tractors at the beginning of its activity and has a production line of equipment for accompaniment with a capacity of 2,700 units / year.


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