On 22 June, Algeria's El Hadj Larbi Industrial Company (EHLI) announced that its joint tire project with Double Star Group had made new progress, with a contract for the construction of a ‘large rubber mixing workshop’ awarded to the relevant parties.
The tire factory, with an investment of 500 billion dinars (approximately 2.77 billion RMB), is currently under construction in the El Hamoul Industrial Zone in Tafraoui City, Oran Province. Algerian general contractor Rekima has been awarded the construction contract for the mixing plant.
The factory is referred to as ‘one of the largest industrial projects currently under construction in Algeria,’ with funding primarily provided by Algerian partners.
Once fully operational, the factory is expected to have an annual production capacity of 7 million tires, including 5 million passenger car tires and 2 million truck and bus tires. Double Star Group will invest 5 million euros in the project, which is expected to be completed by the end of 2026.
EHLI said that Double Star Tires will contribute Industry 4.0 technology to achieve automated production, improve efficiency, reduce costs, and ensure that ‘product quality meets international competitive standards.’
The project is expected to create more than 2,000 direct jobs, meet most of the local market demand, and export tires to other African countries, the Middle East, and Europe.