Economy

Minister of Industry meets with officials of the “AgroDev” food industry group

Minister of Industry, Ahmed Zghdar, held a meeting with officials of the “AgroDev” food industries group, to discuss the status of this public group and its projects and future prospects, according to a ministry’s statement issued today.

During this meeting, which was held on Monday evening at the Ministry’s headquarters, the problems facing the group were presented, such as its financial dues and competition that affects the balances of its affiliated companies.

After the presentations were made, the minister gave a number of orientations with the aim of increasing the effectiveness of “AgroDev” to be able to raise its share in the national market and enter neighboring international markets, which will allow it to recover its position as a “pioneer” for food industries in Algeria and reduce the import bill, according to the statement.

In this regard, Mr. Zghdar pointed to the need to diversify activity and products and to further control prices and quality, in order to face up to the “fierce” competition experienced by this branch, as well as to develop a forward-looking and strategic view to adapt to the continuous changes and developments in the field of food industries.

The minister also called on “AgroDev” officials to explore partnership opportunities with other groups (after he initiated partnerships with Tonic, Gitex and Ferrovial), universities, as well as private individuals active in this branch to double production capacities, achieve better economic profitability and create wealth and jobs.

The minister pledged to take care of the concerns and problems that were raised, in coordination with the relevant ministerial sectors, confirms the same source.

The “AgroDev” group has six branches specialized in grain transformation, with a production capacity of 51,400 quintals per day of hard wheat and 60,500 quintals per day of soft wheat.

The group employs more than six thousand workers, according to the data presented in the statement.

The ministry also stressed “the important social role that the group plays in supplying widely consumed foodstuffs, especially in times of crisis at the expense of its financial profits and economic situation, as was the case with the beginning of the health crisis caused by Covid 19 pandemic.”

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