New Market Report: Algeria Autos Report Q1 2015

From: Fast Market Research, Inc.
Published: Fri Jan 02 2015

In November 2014, Renault is set to officially open its new Algerian production plant at Oued Tielat, with the first Symbol model set to be coming off the production line on November 10 2014, just after this report was written. BMI believes that the commencement of local production by Renault should prove transformative for the local auto production and supply chain sectors and we will report fully on the official launch of local product on in our next quarterly update.

Ahead of the official launch, Renault Algérie has been carrying out extensive media promotion activities, including the launch of 'teaser trailers' on its YouTube channel. The factory's initial output will stand at 25,000 vehicles per annum, but this will steadily rise to 75,000 vehicles a year, primarily for sale locally.. Recent media reports indicate that there is currently 12% local content being used in Renault's Algerian manufacturing facility. However, this is set to rise to 42% local content over the coming five years.

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In terms of employment, reports suggest some 350-380 people will be directly employed at the time car production starts, with scope for further staff to be hired should sales progress as planned. Successful candidates will be trained by Renault and local training centres. Renault believes that this training will be key to the success of the new plant, with the French carmaker also looking to develop a network of local sub-contractors as well.

BMI believes that Renault's significant investment in Algerian auto production is commensurate with its strategy to shift its strategic focus away from Western Europe. Further, we believe that Renault is well placed to develop production in the country - as a first-mover and market leader in sales volumes. We believe that the start of production in the country will be transformative for the Algerian auto industry, not only in terms of establishing production but also in terms of developing a vibrant parts and components...

The Algeria Autos Report features the latest data and forecasts covering production, sales, imports and exports.

Business Monitor International (BMI)'s Algeria Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Algeria.

Key Benefits

* Benchmark BMI's independent automotives industry forecasts on Algeria to test other views - a key input for successful budgetary and planning in the Algerian automotives market.
* Target business opportunities and risks in the Algerian automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Algeria.

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