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ANDI and MFG sign an investment agreement for two projects

The National Agency for Investment Development (ANDI) and  Mediterranean Float Glass MFG (CEVITAL group subsidiary) signed Tuesday, December 25, 2012, an investment agreement pursuant to Ordinance 01-03, as amended and supplemented on the development of Investment.

The investment agreement is the realization of two projects: an extension of the flat glass plant located Arbaa (Wilaya of Blida) and the realization of a complex production of windows and doors in wood and PVC double glazing in the town of Ain Taghrout, wilaya of Bordj Bou Arreridj. These two projects whose amount is estimated at 19.7 billion DA will create 3420 jobs with 3120 in the commune of Ain Taghrout.

The proposed extension of the plant Arbaa aims at strengthening domestic production of glass by bringing it to 400,000 tons / year. Complex Project production of windows and doors is the production of about 5 million units (windows and door windows) designed to meet the needs of new housing and other health and educational infrastructure.