“Renault” to accomplish a factory for the installation of 30.000 cars annually in Venezuela
الشروق أونلاين
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French car producer “Renault” announced in a brief statement last Monday, that it signed a letter of intent with the Venezuelan Ministry of Industry, for the establishment of a factory for cars installation in Venezuela with an annual production capacity of 30.000 units, adding that the message of will would allow the French group to complete preparations in one year, and this in the context of the company’s policy to increase its sales in Latin America.
The company revealed that it plans to increase production in 2013 in Cordoba plant south of Brazil to 380.000 units annualy, compared to 280.000 units, as Brazil is among the company’s most important markets in the world.
Ironically exciting, the French company is putting peculiar pressure and requirements on the Algerian government, in order to obtain large concessions, despite the importance of the Algerian market for the company compared with the Venezuelan market.
French company’s sales in Algeria reach 100.000 units annually, while its total sales in Venezuela during 50 years did not exceed 132.000 units, the equivalent of its sales during one year and a half in Algeria, however it is trying to convince the Algerian government during the long years of negotiations.
“Renaud” factories in both Colombia and Argentina, and the company of speeds’ cans industry in Chile.
Contrary to making much time in achieving the desire Algerian government, which considers the entry of “Renault” to Algeria as a great victory, the French group rushed to create a large factory in China in partnership with “Dong Fong Motor”, which is the second largest Chinese company for the car industry.
The Partnership aims to expand the Chinese and Asian market, according to the daily Chinese economic newspaper, “China Business News” published on Monday, adding that the value of the project will amount to about 6.5 billion yuan, equivalent to 800 million euros, to accomplish the factory with an annual capacity of 200.000 units, which will be held in Hubei region in China.
Th Algerian government is seeking to persuade its French counterpart for political pressure on companies to invest in Algeria, while a lot of French companies, which often owned a private capital, think that it is useless to invest in Algeria, because the Algerian current legislation is facilitating a very commercial activities,unlike the serious bureaucratic obstacles faced by investors, and the strangest thing of all this and that, is naivety of Algerians who believe that the politicians in Paris are able to put pressure on private companies to invest in Algeria after a political decision.
