Rebrab is the founder of Cevital Group.
Cevital Group
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The Algerian billionaire stepped down as CEO of Cevital in 2022.
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The launch of the plant comes five months after Rebrab stepped down as CEO of the group.
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Algerian tycoon Issad Rebrab’s Cevital partners with WEG to form electrical machinery company
The JV will produce motors for washing machines manufactured by Cevital and other partners.
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On July 1, his son Malik Rebrab, who has previously held high positions in Cevital, will take over as CEO.