Renault builds a new factory in Algeria
Renault has announced recently that the brand is building a new plant in Algeria, where the auto manufacturer plans to launch a new low-cost vehicle – the New Symbol, based on a platform of the Renault Dacia. The main idea of this new plant is the expanding the brand’s influence in the North African auto market.
The plant starts working in November next year. The cost of this factory is 50 million euro and it is planned to produce 25,000 New Symbols per year.
This joint venture of the Renault Company and the Algerian government will allow giving a job to about 350 workers in the new plant.
According to some information, the French carmaker is going to increase the capacity of this factory to 75,000 cars a year. Besides, the auto manufacturer plans to launch other models apart at the Algerian plant. Unfortunately, we had not heard the official statement of a representative of Renault.
By the way, it will be the first factory of the French manufacturer in this country since Algeria became independent from France over 50 years ago (in 1962).
There is no information that the new model –New Symbol will rebadge the Dacia Logan, it is built on the platform of Renault MO. Probably, the novelty will rebadge a subcompact car – Clio.
Owing to the growing of car markets in Algeria, Egypt, Tunisia and Morocco, Renault will be able to sell more vehicles – to 880,000 cars in a year.
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