| Discover Algeria | About us | Press area | Contact |
-
Legal INVEST
Les derniers textes juridiques
View more
Les interviews By AlgeriaInvest
Newsletter
Subscribe to the economic newsletter
- News
NEW NEWS
- Our Services
- News
January 27, 2026 | 3 months ago
Valuation of confiscated assets: Integration of PAC Tissemsilt into the ACS portfolio
The assets of Plastic Algeria Components (PAC) in Tissemsilt have been officially transferred to the portfolio of Algeria Chemical Specialities (ACS) Holding, as part of the recovery and valuation of assets confiscated by the public authorities and their integration into the national economy, according to a statement from the company.
The transfer of assets from the State Property Directorate to the Holding Company, represented by its CEO, Samir Yahiaoui, took place last Saturday.
On this occasion, Samir Yahiaoui chaired an extraordinary general meeting dedicated to establishing the headquarters of the new company, renamed General Plastic Injection (GPI), in Tissemsilt, with a view to "relaunching its activity under the best possible conditions, protecting the unit's production capacity, launching a new phase of management and development, and maintaining the jobs and workers under contract with the former company" .
According to the same source, this transfer constitutes "a crucial step in the process of upgrading this industrial unit, through its integration into the holding company to exploit production resources, improve performance and enhance industrial added value".
In its press release, the holding company reaffirmed "its commitment to implementing government guidelines on the recovery of seized assets, to develop confiscated property using a modern economic approach based on value creation, capable of supporting local development in the wilaya of Tissemsilt and contributing effectively to strengthening the industrial fabric and the national economy".
January 27, 2026 | 
Popular Articles
