Rheinmetall reportedly plans to manufacture as many as 1,200 armored personnel vehicles over the next ten years in Algeria1 – where authorities continue to obstruct people´s right to protest and freedom of expression by suppressing demonstrations and harassing human rights defenders2.
Rheinmetall ‘is seeking to gain a stronger foothold in Asia, South America and the MENA region’3. In pursuit of this, Rheinmetall was in June 2014 due to sign a €2.7 billion deal to manufacture 980 Fuchs 2 armoured vehicles in Algeria. The German government has reportedly approved this contract4.
Investor information correct as at publication of Dirty Profits 3.
- Der Spiegel (2012): Panzer für Algerien, 46/2012, 12 November (accessed 12.02.2014) [↩]
- Amnesty International: Annual Report 2013: The State of the World´s Human Rights (accessed 12.02.2014) [↩]
- Rheinmetall Defence (2014): Opening the door to new markets and new business opportunities (accessed 01.10.2014) [↩]
- Seythal, T. (2014): Germany approves Rhinemetall’s plant delivery to Algeria; Reuters, 24 August (accessed 01.10.2104) [↩]