APS : Monday, 20 February 2017
ALGIERS-A memorandum of understanding (MoU) has been sealed Monday in Algiers between a subsidiary of the Public group of livestock feed manufacturing (ONAB) and two French groups to establish a joint-company for the production of mineral and vitamin complexes (CMV) for animal feed.
The partners of this joint-venture, which will established in Oued Tlelat (Oran), are Premix Ouest (subsidiary of ONAB) and French groups Roullier and Neovia.
The agreement was inked between CEO of ONAB Salah Meddour, the Executive Director of Neovia group Josef Paolé and Director General of Rouiller subsidiary in Algeria Moncef Bourkouk, in the presence of Minister of Agriculture, Rural Development.
The project aims to produce mineral and vitamin complexes designed for the manufacturing of livestock feed with a view to enhancing productivity in the red and white meat industries.
The first Algerian-Foreign partnership in the field of livestock industry in Algeria, said Chelghoum, who stressed the Algerian market, the most important in Africa, might meet the needs of red and white meat producers.
Algeria, which whose meat imports hit USD 60 million, banks on this project to meet its needs, reduce imports and move towards exports.
“We aim to go beyond the Algerian market. We count on partners to attract markets abroad,” stressed the managing director of the Algerian group Agro logistique.
For Neovia, “this partnership is an excellent opportunity to transform its subsidiary, which now imports and sells on the Algerian market the products necessary for animal nutrition.
“We aim to build a profitable project with our partners. This will allow us strengthen our presence on the market and draw up an export strategy that will help us move towards neighbour emerging markets,” said representative of Roullier, Berkouk.
- Algeria: Security Council must adopt “firm position” to end occupation in Palestine
- Boukadoum takes part in OIC ministerial meeting on Palestine
- Occupied al Quds: Algeria leads Arab efforts to convene Security Council emergency meeting
- President Tebboune holds phone conversation with Tunisian counterpart
- President Tebboune receives phone call from Turkish counterpart Recep Tayyip Erdogan