facebook
twitter
search
search

Rheinmetall to build vehicle assembly plant in Algeria

Rheinmetall of Germany is building a military vehicle assembly facility in Algeria, but products produced can only be used by Algeria, according to a report.
By Richard Tomkins   |   Aug. 27, 2014 at 5:27 PM

ALGIERS, Algeria, Aug. 27 (UPI) -- Rheinmetall, the German defense manufacturer, has been give government approval to build a military vehicle assembly plant in Algeria.

According to a report by Forecast International, the contract for the facility was given the go-head by the German government's Ministry for Economic Affairs and is worth $37 million.

The factory is reportedly part of an earlier $3.5 billion deal and will be located about 248 miles east of the city of Algiers. It will assemble nearly 1,000 vehicles from parts shipped to the country.

Included in the production will be Fuch armored vehicles, the report said.

The vehicles will be for Algerian use only.

In other Rheinmetall news, Forecast International said Rheinmetall plans on establishing a facility in South Africa that would develop various types of munitions.

Talks are reportedly being held with a potential launch customer.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Momentum builds behind giant Norwegian oil field
Hess completes Bakken joint venture
New oil expected offshore New Zealand
California driving global low-carbon effort
Whole Foods apologizes for overcharging customers