Tissemsilt, Algeria – Algeria Chemical Specialties Holding (ACS) has officially reclaimed a plastics production unit located in Tissemsilt. The move, finalized with representatives from the State Property Directorate, marks a significant step in the holding company’s strategy to bolster its investment portfolio and revitalize industrial activity in the region.
The asset transfer, involving the former PAC – Plastic Algeria Components facility, aims to transform the unit into a key investment hub within Tissemsilt, securing jobs and fostering economic growth. Observers highlight the initiative as a crucial element in strengthening the national industrial base and injecting new momentum into Algeria’s development objectives.
This action reflects a broader governmental policy focused on recovering assets seized in corruption cases and reintegrating them into the national economy. The shift emphasizes a transition from administrative seizure to active economic investment, prioritizing the resumption and sustainability of industrial operations. The goal is to ensure these assets contribute effectively to the nation’s economic prosperity.
An extraordinary general assembly, presided over by ACS General Manager Samir Yahiaoui, formalized the establishment of the company’s new headquarters under the name GENERAL PLASTIC INJECTION – GPI. This organizational restructuring aims to provide fresh impetus to the industrial unit, ushering in an era of modern management and progressive development. The restructuring signals a commitment to revitalizing the factory and optimizing its potential.
The reintegration of the unit comes with a firm commitment to preserving existing jobs and ensuring the continued employment of workers and contractors previously associated with PAC. This commitment underscores the social dimension of the initiative, emphasizing that the revival of reclaimed assets is intrinsically linked to safeguarding human capital and promoting social stability. The project is expected to bring significant economic activity in the region.
