Italian Idrobase Group Expands Investment to Algeria
Algerian-Italian distinguished bilateral relations have resulted in a new investment project, represented by a worldwide group leader in producing pressurized water technology, systems, and equipment.
In this context, the world-leading Italian manufacturer of pressurized water systems and equipment announced the transfer of part of its production activities from Ningbo, China, to Algeria, through the establishment of a new unit, which will be a centre for developing the group's business on the continent and a starting point for exporting to the continental market.
The announcement was made by Bruno Ferrarese, co-owner of the Italian 'Idrobase group', based in Borgorico, Padua, Veneto, northeastern Italy, several Italian media said.
According to the same source, the transfer of part of the production activities of the 'Idrobase' group from Ningbo to a new factory in Algeria was dictated by several reasons, including the geographical proximity to Italy, and the fact that Algeria is also a gateway to the African continent, and its highly educated workforce, in addition to its infrastructure and low labour costs suitable for the region's development and growth plan.
The same source indicated that the group has set Algeria as a major centre for developing its business in the African continent as a first goal in 2025, given that it is a world leader in the field of pressurized water systems and equipment, cleaning, disinfection and air purification.
Commenting on the operation, the group's co-owner, Bruno Ferrarese, said: 'In anticipation of new global scenarios, we have been working for some time to reposition our international strategies, and while we have confirmed and wished to strengthen our presence in the markets of China and the United States, we have decided to invest in the cleaning sector in Africa as well, a continent with enormous potential, and therefore, to add a component in line with the Mattei Plan launched by the government.'
As is known, the 'Mattei' plan is a development program launched by Prime Minister Giorgia Meloni, for which the government of Rome has allocated 5.5 billion euros, and includes projects in various sectors in several African countries, including Algeria, Egypt, Tunisia, Morocco and Libya, and aims to create added value by involving the local population and establishing them in their homelands and reducing poverty and irregular migration.
Giorgia Meloni's plan is based on six main axes: health, education, training, agriculture, water, energy and infrastructure.
For his part, the second co-owner of the group, Bruno Gazzignatno, explained that the specificities of the vast African territories require products that are adapted to the needs of individual markets, noting that for this reason, the group has decided to transfer part of the production from the Chinese production unit of Idrobase Ningbo to Algeria.
In this context, he revealed that the group's production unit in Algeria will operate according to a system of assembling components coming from Italy in partnership with local Algerian suppliers, which will lead to providing high-quality products, but at a price suitable for the African market.
Idrobase Group offers an ecosystem made of products, accessories, spare parts and services. A range can meet all needs of cleaning, sanitation and disinfection, nebulization, cooling, furnishing for outdoors and dust and odour suppression.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
El Chorouk
2 days ago
- El Chorouk
$1.2 billion from Italy's Eni to Algeria in 2024
A formal report by energy giant Eni revealed that the Italian company paid $1.22 billion (1.069 billion euros) to Algeria in 2024, as part of the company's payments to governments managing projects on their territories, while Libya ranked first in Africa with $2.1 billion. The 'Payments to Governments' report for 2024 by Italy's Eni, which 'Echorouk' reviewed, stated that these amounts were paid as part of Eni group's hydrocarbon extraction activities in 2024, and were prepared in accordance with the reporting obligations stipulated in Legislative Decree No. 139 issued on August 18, 2015, within the framework of transparency, and applicable to companies listed on regulated markets in the European Union operating in the extractive industry sector. The report shows Algeria's prominent position as the second largest beneficiary of the company's payments in Africa, receiving $1.2 billion, out of a total of $5.7 billion paid to African governments, representing 61% of Eni's global payments of $9.1 billion. This figure reflects Algeria's strategic role in the company's economic model, supported by a strong partnership with Sonatrach in production sharing contracts, which are characterized by low operating costs and high recovery rates, relying on mature fields and developed infrastructure, ensuring high profitability despite high taxes. Libya topped the list with $2.1 billion, followed by Algeria with $1.22 billion, then Egypt with $826 million, while Nigeria received $566 million, Congo $413 million, Ghana $345 million, Côte d'Ivoire $175 million, and Tunisia $154 million. Payments include profit taxes, operating costs, signing and production bonuses, in addition to in-kind payments converted to monetary values. The report indicates 15 projects in Algeria for which Eni paid more than $1.22 billion to Algeria in 2024, namely Blocks 401a, 402a, 403a, and 403d, Berkine North HDLS, Berkine North ZOI Development, Berkine North HDLE, Block 404/208, In Amenas, Berkine North OZOI Development, In Salah, Berkine South 1, Block 403, ROM North, Block 405b, Berkine North (ZAS), Berkine North (RET), and Berkine North (BKNEP).
El Chorouk
04-06-2025
- El Chorouk
Debate on Colonial Crimes and Their Impact on the Algerian-French Crisis
In line with the French historian of Algerian origin, Benjamin Stora, who argues that the memory file can help ease tensions between Algeria and Paris, two countries experiencing an unprecedented political and diplomatic crisis, the French capital is hosting a debate on the French colonization of Algeria and its impact on the current disputes between the two capitals. The roundtable discussion will take place on June 14 in Paris, under the title 'The French Colonisation's Past in Algeria and the Current Diplomatic Dispute Between the Two Countries.' It will feature well-known historians, academics, and journalists in France, including Alain Riscio (historian), Jean-Pierre Sereni (journalist at Orient XXI), a French historian of Algerian origin, Nedjib Sidi Moussa, sociologist Aïssa Kadri, jurist Mouloud Boumgar, and moderated by the Egyptian journalist (PhD in French Literature) and editor in chief of the leading newspaper of the Arab and Muslim community. The round table discussion is prepared and organised by the Association for Colonial and Postcolonial History, in collaboration with Orient XXI magazine and , to 'decode the current crisis between France and Algeria.' The Association for Colonial and Postcolonial History is known for its tireless efforts to combat colonialist ideology and call for rectifying the disasters of colonialism by offering an apology to the peoples affected by it. Organisers open the debate for the public with free admission at the International Centre for Popular Culture in Paris, on Saturday, June 14, from 3 p.m. to 5 p.m. The title of this debate highlights the extent of the impact that France's colonial past has had on Algeria, which has been escalating since last summer. The work of the mixed committee on memory was halted, coinciding with Algeria's recall of its ambassador, Mohamed-Antar Daoud, from Paris, following French President Emmanuel Macron's shift in position on the Western Sahara issue. A few days ago, historian Benjamin Stora, who chairs the French Memory Commission, said that the memory issue 'represents a possible way out of the crisis, and is indispensable in any case, and necessary in any case, because we cannot consider the Algerian history to be like all others.' On this occasion, he called for working towards a quick settlement: 'We need strong initiatives, especially regarding the issue of the French colonisation of Algeria in the nineteenth century. But today, in my opinion, considering the possibility of launching initiatives on memory could serve as an alternative to resuming political relations, which is necessary to resolve immigration or visa issues.' Benjamin Stora is presented as an advisor to the French president on memory matters. He has previously blamed the French side for the ongoing tensions, accusing Macron personally of causing the crisis in a previous interview with France 24, where he stated: 'First, it is important to note that French President Emmanuel Macron's statement regarding the Moroccan regime's (alleged) sovereignty over the Sahrawi territories has added fuel to the fire.' Since the outbreak of the crisis, French officials have not stopped demanding the resumption of work on the memory file. However, the Algerian side has shown no response. Rather, it has raised its demands for the return of all the looted Algerian archives in French vaults, as stated by the head of the Algerian memory commission, Mohamed Zeghidi. The possibility of resuming work on this file appeared on the horizon after the visit that led the French Minister of Foreign Affairs, Jean-Noël Barrot, to Algeria on April 6th. However, the recklessness of Bruno Retailleau, the Interior Minister in the government of François Bayrou, by kidnapping an Algerian consular employee in a Parisian street outside diplomatic norms, brought the crisis back to square one. This incident also revealed the existence of a real crisis in the decision-making circles in Paris, and that the French President had lost control of things, even if some tried to talk about a well-crafted scenario for exchanging political roles in relations with the former colony.
El Chorouk
03-06-2025
- El Chorouk
Sixth Algerian-Italian Summit To Be Held Soon in Rome
The sixth high-level bilateral summit between Italy and Algeria will soon be held in Rome, the Italian Ambassador to Algeria, Alberto Cutillo, said. Ambassador Cutillo emphasised that Algeria 'has been and will remain a distinguished partner for his country.' He described the relationship between the two countries as 'a true friendship that remains alive even in the most difficult moments.' He confirmed that the Italian-Algerian relationship is based on dialogue, mutual trust, shared roots, and a unified vision for the future. He noted that Algeria plays a pivotal role within the framework of the Italian government's Mattei Plan for Africa. The Italian diplomat's announcement was made during a celebration organised by his country's embassy in Algiers on Monday evening to mark the 79th anniversary of the founding of the Italian Republic, 'Republic Day'. The ceremony was held at the ambassador's residence. It was attended by the Minister of Industry, Sifi Ghrieb, and the Vice-Presidents of the National People's Assembly and the Council of the Nation, Monder Bouden and Rabah Baghali, along with some ambassadors and diplomats accredited to Algeria, representatives of the Italian community, and Italian institutions active in Algeria. The Italian ambassador noted that the sixth bilateral summit between Algeria and Italy will be held in Rome, adding that it will be organised in light of the two countries' desire to build an equal partnership based on mutual respect and shared benefit. In his address, Cutillo recalled that on June 2, 1946, the Italian people elected a republic, which represents a powerful symbolic milestone. For the first time, Italian women were called to the polls. He described it as 'a day of freedom, democracy, and participation that continues to inspire the present and the future.' The ambassador also highlighted Algeria's pivotal role within the framework of the 'Mattei Plan for Africa' in strengthening the partnership between the two shores of the Mediterranean, emphasizing that this initiative represents a model of 'an equal partnership that imposes nothing, but is built jointly, based on respect and mutual benefit.' He concluded that the areas of energy, innovation, infrastructure, culture, training, and agriculture represent the pillars of bilateral cooperation, supported by tangible dynamism from institutions, universities, and civil society in both countries.
