During February 2021, tyre manufacturer Saterex has been celebrating its latest production milestone. Since the second month of the year 1 million of its Iris brand tyres have been driving on the roads of its home market Algeria.
ToP Tunniste, which supplies RFID solutions to businesses including the tyre industry, has merged with Fentec Partners Ltd. The merger, which was completed on 31 December 2020 means the company is now known as Fentec Ltd, effective 1 January 2021.
On 26 March 2019 the Iris Group announced “the success of the first test phase” of its “100 per cent made in Algeria” tyre factory. Celebrating the news, the company thanks its partnership and stakeholders for their efforts up to this point: “All this could not have been done without the perfect involvement of our collaborators, a big thank you to all!”
Cimcorp has received an order to supply logistics automation facilities to a brand-new tyre plant in Algeria. The factory is a new venture for the Algerian consumer electronics and household appliances group, Saterex. With huge growth in sales of products marketed under its leading ‘Iris’ brand, Saterex is diversifying into tyre manufacture. The new plant is being built in Setif, 300 km east of Algiers, and will be the first tyre factory in Algeria since Michelin Group closed its plant in the capital in 2013.
Algerian state oil company Sonatrach is looking to enter the tyre business. The Algeria Press Service (APS) shares details given by group vice-president for Downstream Activity, Akli Remini on the sidelines of the Ogex 2016 oil and gas exhibition; Sonatrach will cooperate with foreign partners on a project to produce “5 million tons of tyres per year.”
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