This operation, according to a note from the Embassy of Algeria in Angola, quoted by Angop, will take place this year.
Starting from the port of Arzew in Orão, Algeria, the export of 15,000 tonnes – budgeted at 20 million dollars – will be divided into three stages, the statement said, quoted by Angop.
The statement also notes that with the export of these anti-corrosive spiral tubes – which are 55 meters long each –, the company intends to expand its operations in Angola, by carrying out the largest volume of export procedures for various steel products possible, with a view to satisfying the market and strengthening collaboration between Angola and Algeria.
More than 570,000 tonnes of steel products were exported by Tosyali Algeria to several African countries in the first six months of 2022, resulting in an amount estimated at around 450 million dollars, writes Angop.
According to Angop, reaching 1 billion dollars with exports of 1.5 million tonnes of various products to other African countries is among the company's perspectives for this year.
The company is based in Bethioua, being the most important iron-steel producer in that country.
It is recalled that relations between Angola and Algeria go back to the times before Angola's independence, when that country helped Angola at diplomatic, material and military levels in the fight for independence.