Rheinmetall Algeria
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 | |
| Industry | Automotive, Defence |
|---|---|
| Founded | March 2011[1] |
| Headquarters | , Algeria |
Key people | Chouaki Rachid (CEO and chairman of the executive board) |
| Products | Automotive parts, military vehicles and systems |
Rheinmetall Algeria is a manufacturer of military vehicles based in Constantine, Algeria.
In March 2011 two German defense companies, Rheinmetall and Ferrostaal, joined with the Algerian government-sponsored defense-related automotive development agency EDIV to form Rheinmetall Algeria. The new company was based in Ain Smara near Constantine, Algeria. EDIV has an ownership stake of 51% of the shares, the Emirati investment fund Aabar controls 24.5%, Ferrostaal 19.5%, and technological partner Rheinmetall 5%.[2]
The company's goal was to build a production facility for the manufacture of Fuchs armored transport vehicles, with a production goal of 1200 vehicles within ten years.[3] Some key components are imported from Germany.
