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12 public industry groups installed

 

ALGIERS- Twelve (12) industry groups have been installed Monday by the Ministry of Industry and Mines under the new configuration of the public industrial market sector.

The installation ceremony of these new structures, created under the State Holding Companies (SGP), was held in the presence of Minister of Industry and Mines Abdessalem Bouchouareb, as well as other members of the government.

In his statement at the ceremony, Bouchouareb stressed that this new organization of public industrial sector "comes at the right moment to further boost efforts to diversify the national economy and the development of non-oil exports including industrial products."

These twelve groups consist of seven (7) newly created groups and five (5) other existing.

The new seven groups work in the fields of agribusiness, chemical, electrical equipment, household and electronic, local industries, mechanics, metallurgic industry, steel industries and textiles and leathers.

 As for the 5 existing groups, they consist in the National company of industrial vehicles (SNVI) industry group cements of Algeria (GICA), the pharmaceutical group Saidal, the national society of tobacco and matches (SNTA) and Manadjim Aldjazair (MANAL).

APS, Monday, 23 February 2015

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