06 January 2005
While advanced economies have been working hard to reduce the use of tobacco given its negative impact on health, tobacco companies have been looking for new markets to offset lost opportunity in the United States and elsewhere in the West. In Algeria, the joint Algerian-UAE tobacco company STAEM has acquired the industrial land it needed to set up its new plant there. The land is located in Ouzera, in the province of Medea.
While advanced economies have been working hard to reduce the use of tobacco given its negative impact on health, tobacco companies have been looking for new markets to offset lost opportunity in the United States and elsewhere in the West. In Algeria, the joint Algerian-UAE tobacco company STAEM has acquired the industrial land it needed to set up its new plant there. The land is located in Ouzera, in the province of Medea.
The future plant will be on 2 hectares of land and will start with a workforce of 350. The site will produce brands from Philip Morris and the French Gauloises. Production is slated to begin in mid to end 2005.
© The North Africa Journal 2005
