It is a joint venture created on August 16, 2012, after an agreement between the Algerian company Etrag and the American Group AGCO.

The factory produce tractors in El Khroub, close to Constantine, Algeria.

[2] Etrag concluded an industrial and commercial partnership with AGCO,[3] world leader in the manufacture of agricultural machinery.

They created on 16 August 2012 a joint venture (joint venture) called Algerian Tractors Company ATC Spa.

The agreement consisted of two local partners: ETRAG with (36%), Pmat with (15%) and AGCO with (41%).