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Privatization ENIE Sidi Bel Abbes : Advanced negotiations with Korea's LG

A framework agreement is scheduled for September this year between South Korean firm LG Electronics, global leader of digital technologies, and the Ministry of Industry and Promotion Investment (MIPI) dealing with procedures for the resumption of the National Electronic Industries (ENIE).
This was announced yesterday the CEO of LG Electronics Algeria, DS Ahn, during a meeting with representatives of the national media. Korean society, says the official, will meet at the end of month questionnaire formulated by the MIPI. LG already has been fifteen years of close relations with ENIE. "Between 1997 and 2003, LG and ENIE had very good business relationships. But since 2003, ENIE was very difficult to sell and lost, thereby increasing market share due to stiff competition as he delivered the Chinese products. To cope, the two companies wanted to go further in their partnership and work together to find ways to develop the electronics market in Algeria, "says Ahn. The willingness of both companies, remarked the manager is fully aligned with the government's plans as part of its industrial strategy to the region of Sidi Bel Abbes a national center for the electronics industry. The Minister of Industry and Investment Promotion, Abdelhamid Temmar, had to recall, refers to the expression of interest for LG Group ENIE. On this project, the Minister emphasized that "the South Koreans have submitted a phased approach with which we agree." Also, representatives of LG in Algeria visited the facilities of Sidi Bel Abbes ENIE to where they are returned with an appreciation rather "positive" the site of the national company. Regarding the overall strategy of LG on the Algerian market, its representative will know that beyond that enable its partners already on the local market, including product distribution, "LG Electronics was keen to be present it even in Algeria through a team of leaders and sustainably develop our business. " The ultimate goal, Mr. Ahn plans is to make Algeria "priority market for LG in the Maghreb, and this for all its products." ELWATAN