Chinese tyre maker Qingdao Doublestar is to start up a car/truck tyre plant in Algeria, in a joint venture project with local investors El Hadj Larbi Pneumatiques. The Doublestar Group will invest about US$5 million into the project, while the remaining US$250 million will come from the joint venture partners. According to Doublestar, the new plant should produce up to 5 million passenger and 2 million truck/bus tyres annually.
The joint venture project represents the second tyre factory to be built in Algeria after one under Algerian Saterex-Iris, which began passenger tyre production in Setif in early 2019.
Set up by Hong Kong Doublestar International, Doublestar’s subsidiary,and El Hadj Larbi Pneumatiques, the two parties will also jointly establish a trading company in Dubai to sell tyres made at the Algerian plant.