Total investment is around $250 million to $300 million. It is a state-of-the-art, fully automated plant. Finnish automation specialist Cimcorp Oy supplied its Dream Factory concept to the plant and installed the best logistics technology currently available for our new plant.
“The Algerian market consumes more than 7 million tires a year and the products currently imported are generally of poor quality. This represents a fantastic opportunity,” said Yacine Guidoum, Managing Director of Eurl Saterex-Iris, “to repeat our manufacturing success in another sector. As well as producing locally-branded tires to meet Algerian demand, we will be exporting about a third of our output to European and African markets.” The new facility – which is the largest tire-manufacturing plant in Africa – is operational since Spring 2018 and production of 1 million passenger car radial (PCR) tires is planned for the first year, followed by 2 million units of both PCR and truck and bus (TBR) tires in the second year.
We are very honored to have Iris to pick China International Tire Expo (CITEXPO) to demonstrate their new, high-quality products to not only Chinese distributors, but also importers from around 110 countries,” says Sam Lai, International Marketing Manager of CITEXPO organizer, Reliable International Exhibition Services. “It showed that our show is one of the best platforms for up-and-coming new brands to gain quick access and publicity to the worldwide market.”