Finance

Algeria: Tahkout to start assembling Suzuki cars starting from May 2018

Friday, 08 December 2017 12:41

After having started assembling Hyundai cars in 2016, the Tahkout group is now getting ready to start assembling Suzuki cars, starting from May 2018, in Saïda, Algeria.

The development of the related assembly unit and its equipping will be completed before the end of the year, a statement indicates. This infrastructure will produce 10,000 cars per year, a capacity that the firm aims to increase in order to achieve a capacity of 100,000 vehicles per year in the next five years.

Two types of vehicles of the brand will be produced at the facility; those are the Suzuki Alto and the Suzuki Swift. Their commercialization is expected to begin in the second half of 2018. 

This investment project by the Tahkout group will generate 400 jobs, for an initial cost of $450 million. 40% of these will be mobilized on own funds. Moreover, besides assembling cars, the group plans to later make engines and gearboxes for the cars it produces at the factory.

On the same topic
BRVM-listed lender launches CFA1.5 billion capital increase Move aims to meet regulatory requirements and strengthen balance sheet Operation...
Ecobank posts $801 million in pre-tax profit for 2025, up 21% Cost discipline improves, with efficiency ratio falling below...
Gabon’s insurance market revenue fell 5.8% in Q4 2025 after strong growth in previous quarters. Life insurance revenue dropped 67%, driven...
Plan includes recovery commission, audits and possible asset seizures Move aims to strengthen governance and support industrial...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
03

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
04

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
05

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.