Industry Automotive, Defence Founded 2011 | Headquarters Constantine, Algeria | |
Key people Chouaki Rachid (CEO and chairman of the executive board) Products Automotive parts, military vehicles and systems | ||
History
The cooperation between Rheinmetall and Ferrostaal proven for several years in Algeria., the defence companies from Dusseldorf founded in algeria in March 2011, together with Ferrostaal and government partners Rheinmetall Algeria SPA. in Ain smar near Constantine Algeria,composed of three main shareholders, namely the Company of the development in the automotive industry (EDIV) coming under the National Defence Ministry (51%) The second shareholder is represented by the Emirati investment fund "Aabar" (24,5%), Ferrostaal (19,5%) Rheinmetall is considered as the technological partner (5%).
Contents
The company's goal: building a production facility for the manufacture of armoured transport vehicle type Fuchs. The production of the first armoured personnel start From 2015 within ten years up to a total of 1,200 important key components, which require much more expertise to be imported from Germany.