Stream signs 500,000 TV export deal
Algeria's Bomare Company aims for over 85% of its new factory's output to go abroad.
Algerian television maker Stream, owned by Bomare Company, announced a contract for 500,000 units for the first quarter of 2027. The company organized an event on November 9 in Algiers to discuss its export strategy. Stream has been present internationally since 2007 and aims to boost its competitiveness in foreign markets.
Bomare Company founder and CEO Ali Boumediene stated that the company imports $55 worth of components for a product and exports it for $100. The company employs over 1,000 people and has a local integration rate of 45%. Boumediene confirmed that company profits are reinvested for development, and the capital has not been opened.
A new factory in Blida is designed to produce over 3 million televisions annually, with more than 85% intended for export. The announced turnover for the deal is between $12 and $15 million. Boumediene sees opportunities for Algerian appliance makers as Asian factories shift focus.
Why it mattersAlgerian electronics manufacturer Bomare Company is expanding its export business, aiming to sell half a million televisions abroad in early 2027.