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Nestle Waters in Algerian PartnershipNEW YORK - May 11/05 - SNS -- Nestlé Waters and the Boissons Gazeuses des Frères Zahaf Group (BGFZ), formerly Boissons Sidi El Kebir, have created a partnership company in Algeria, called Société Source de TABERKACHENT. Nestlé Waters holds 51% of the capital. This corporation has taken over all of the BGFZ group’s bottled water business, the Sidi El Kebir water brand and has a distribution agreement that will enable it to take advantage of the network and expertise developed in Algeria by the BGFZ group. The company will be headed by Mohamed ZAHAF. Bottled water consumption in Algeria totals 550 million liters per year or 16 liters per person, and has recorded an annual growth rate of 16% in recent years. Algeria will play an important role in Nestlé Waters’ development strategy for the Africa/Middle East region. Located in the heart of the Maghreb countries, with 34 million inhabitants and perspectives for double-figure growth in annual consumption per inhabitant, it represents a veritable growth booster which should enable Nestlé Waters to develop its positions in North Africa. The partnership thus formed has set a strong growth objective for itself. PageGen v1.0ef
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