Russia’s REMA RTI enters Algeria through partnership with Hidra Hydraulique
Algeria’s Hidra Hydraulique and Russian REMA RTI have signed a partnership for the manufacture of hydraulic equipment in Algeria as Russia seeks to foray into the North African country buoyed by a growing manufacturing industry.
The agreement will provide, in the first stage that will last two years, for the marketing of the Russian partner's products in Algeria, before the building of a factory specializing in the manufacturing of these products in the province of Tiaret (340-km west of Algiers), Hidra-Hydraulique General Manager Houari Boumedien said.
In accordance with the Agreement, the Russian company will share its experience and expertise in the field with the Algerian side, said the representative of REAM-RTI Larisa Vorobyeva. The agreement was signed on the sidelines of the sixth International Oil and Gas Products and Services Suppliers Trade Show Hassi-Messaoud Expo
Initiated by Petroleum Industry Communication, Hassi-Messaoud Expo has become, since its first edition in 2011, a major event for the professionals in the sector of hydrocarbons.
It is an opportunity for the different professionals to forge partnerships, sign agreements and share experience, said the organizers.
