# Jotun and Med Investment form joint venture for paint production in Algeria

Jotun Group and Med Investment Holding Spa formed a joint venture with Technover P to produce Jotun decorative paints and protective coatings in a newly built factory in Tizi-Ouzou, Algeria, with capacity for 120 million USD of production.

- Type: Partnership
- Announced: 2021-09-30
- Where: Tizi-Ouzou, Algeria, Algeria
- Status: announced
- Capacity: 120 million USD of paint and coating per year
- Products: decorative paints, protective coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Jotun](https://endata.com/companies/15544.md) (partner)
- [Med Investment Holding Spa](https://endata.com/companies/58045.md) (partner)
- [Technover P](https://endata.com/companies/58046.md) (partner)

## Sources

- [jotun.com](https://www.jotun.com/ww-en/news-and-insights/corporate/Jotun-to-start-paint-production-in-Algeria), 2021-09-30: "This investment shows Jotun’s long-term commitment to the Algerian market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.