SAIPA to Produce Cars in Algeria
Economy, Auto

SAIPA to Produce Cars in Algeria

Starting in the second half of 2016, Iran’s second largest auto manufacturing company, SAIPA, will start the production of five models in Algeria, said Mehdi Jamali, the company’s CEO.
The models Tiba, Saina and Pride are among the range of vehicles that will be produced in the country, local automotive news website Donyaye Khodro quoted Jamali as saying.
An Iranian business delegation, headed by First Vice President Es’haq Jahangiri, visited Algeria during which a contract was signed with an Algerian company stipulating that SAIPA will annually produce 20,000 vehicles there. The name of the Algerian company was not mentioned in the report.
According to Jamali, SAIPA previously exported vehicles to Algeria, but this is the first time the two countries are setting up a joint venture to manufacture vehicles.
“If an auto part manufacturing site is set up in Algeria and the supply chain is optimized, SAIPA will be able to produce more than 20,000 vehicles on an annual basis,” he projected.


Short URL : http://goo.gl/C0ZvsV
  1. http://goo.gl/kTaUBU
  • http://goo.gl/ziwvqv
  • http://goo.gl/UGtpSE
  • http://goo.gl/bxaffe
  • http://goo.gl/vEpbHl

You can also read ...

Banks will now draft a single set of balance sheets that adhere to CBI’s IFRS-based templates.
Minister of Economic Affairs and Finance Masoud Karbasian and...
ICCIMA Trade Mission Off to Spain
A 30-member commercial delegation from Iran’s private sector...
Mental Health Investment: The Economic Case
The link between mental health and economic productivity is...
Ikarus buses were popular in Iran during 1990s.
Hungarian bus manufacturer Ikarus is set to re-enter Iran...
Plan to Make Home Loans More Affordable
The administration of President Hassan Rouhani is mulling new...
Carmakers Pile Into Europe Scrappage Offers
Renault-Nissan and Kia are the latest car companies to launch...
Bloom and billet sales made up the lion’s share of KSC’s sales.
Iran’s largest steel exporter Khouzestan Steel Company...
SAIPA Diesel will introduce a new medium-duty truck in the local market.
Local vehicle manufacture SAIPA Diesel is in talks with the...