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.
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