Renault to produce New Symbol model at new plant in Algeria

Article by Anita Panait, on October 10, 2013

Renault has commenced building a new plant in Algeria that will produce the New Symbol low-cost model. The French carmaker is investing EUR50 million in the plant, which will have an annual capacity of 25,000 units. The Algeria site is part of the carmaker’s bid to expand its presence in North Africa and will start completely knocked down production (CKD) of New Symbol in November 2014 for the local market.

It will be operated by Renault Algeria Production, a joint venture between Renault and the Algerian government. Renault expects to expand the site’s capacity to 75,000 units annually and to produce other models there.

The plant, which will manned by a 300-strong workforce -- will be Renault's first in Algeria since it exited the market after the country gained independence from France in 1962.

The New Symbol will be based on the Renault MO platform, which underpins the Dacia Logan. Renault had said the New Symbol would be a rebadged Clio subcompact. Renault is hoping to benefit from the strong growth in North Africa -- Morocco, Algeria, Egypt and Tunisia -- where new-car sales are seen to surge to 880,000 units in 2015, according to IHS Automotive.

Topics: renault, production

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 2017
As if seeing the future more than a decade from now, one of the top scientists in the world of robotics and automations is predicting that children born today won’t...
by - January 19, 2017
Ford has just recently unveiled the 2018 Ford Mustang, and as it turned out, the carmaker gave its beloved pony car a facelift. There have been mixed reactions about the...
by - January 19, 2017
The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries