Condor, one of Algeria’s leading manufacturers of home appliances and electronics, has announced a new partnership with Candy, a renowned Italian brand in the home appliance sector.
According to the Algerian group, Condor has formalized a new partnership agreement with the Italian brand Candy, positioning itself as an industrial partner, manufacturer, and producer of home appliances and electronics in Algeria.Condor emphasized that this collaboration will enable them to diversify their product range with appliances that meet international standards, produced locally. “This collaboration will also allow us to enhance our product portfolio with appliances that comply with international standards, incorporating local production,” Condor explained.
The move aligns with Condor’s strategy to boost its manufacturing capabilities and expand its market footprint, not only within Algeria but also across the region. By integrating Candy’s advanced technology and design expertise, Condor aims to enhance the quality and innovation of its product offerings.
Candy’s Legacy and Market Position
Candy, along with its brands Hoover and Rosières, was acquired by the Chinese home appliance giant Haier in 2018.
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Elica partnership with Ilve
Elica Spa announced Tuesday that it has entered into a strategic partnership with Ilve that will allow the company to grow in the world of home cooking by also marketing induction ovens and hobs.
Ilve is an Italian company specializing in cooking systems that “has distinguished itself over the years for its vocation for innovation and technical wisdom in steel processing, combined with continuous research in the field of processes and technologies. Together with Ilve, Elica will espouse a philosophy of transition to new markets that will bring both companies and expand their business,” said Elica.
Elica’s stock is up 1.4 percent at EUR2.86 per share
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