Jotun Will Begin Paint Production in Algeria for the Local Market The joint venture with Med Investment Holding Spa will allow Jotun to manufacture protective coatings directly in Algeria.
he Jotun Group has recently announced that it has reached an
Med Investment’s long industrial experience in Algeria,” stated Richard
agreement with Med Investment Holding Spa for establishing
Chapman, the regional director for MEIA Emerging Markets at Jotun.
the joint venture Technover P, that will manufacture paints and
“This production investment is in line with our continuous strategy and
coatings in Algeria. In the new site in the district of Tizi-Ouzou (east of
focus of developing competitive and quality-focused local production.
Algiers) built by the German company Netzsch, the joint venture will
We have successfully done that in the pharmaceutical sector by
produce Jotun decorative paints and protective coatings according to
increasing significantly locally produced medicine market share. With
Jotun’s high quality and technically performing products, we expect that
With this new investment, Jotun aims to satisfy the increasing demand
our partnership will succeed in increasing the market share of locally
of the Algerian construction, industrial and energy sector.
produced quality and performant paint and coating,” concluded Lies
“This investment shows Jotun’s long-term commitment to the Algerian
Kerrar, the general manager of Med Investment Holding.
market. We can now bring our clients in Algeria the highest quality, internationally approved decorative paints and protective coatings. This is in line with Jotun Group’s strategy and values and fits well with
For further information: www.jotun.com
Representatives from Jotun, Med Investment and Alusys after signing the agreement.
ipcm® Protective Coatings - 2022 JUNE - N. 42