Friday, November 1, 2013

Tizi Ouzou: Signature of an agreement between the ENIEM and ENIE


A partnership agreement between state-owned appliance industry ( ENIEM ) of Tizi Ouzou and the National Company in the electronics industry ( ENIE ) of Sidi Bel- Abbes was signed yesterday at the headquarters of the Directorate General for ' ENIEM in the presence of Mr. Ahmed Fettouhi , CEO of the GSP Indelec .The agreement initialed by the CEOs of the two flagships of the national industry of electronics and appliances has a partnership in marketing the products of these two companies at the respective shows -rooms of these companies and at the effect to face unfair competition faced by the domestic market in the field of electronics and appliances and thereby increase sales of products of these two large industrial complexes show good results from erasure the state of their debts were around 20 billion dinars. According to Mr. Ahmed Fettouhi , CEO of the GSP Indelec this partnership agreement will allow both industrial complex to increase their share in the domestic market and increase their turnover to engage in other investments. Mr. Fettouhi speaking on the airwaves of local radio after the signing ceremony of the agreement which was not invited the local press, has announced the IPO at later than the first half of next year, the industrial complex appliances Tizi- Ouzou ( ENIEM ) . The complex where the signals are green from the clearing these debts now , says Fettouhi , ready to go public .

EL MOUDJAHID

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