Issad Rebrab received the Award for Personality of the Year in Venturina, Italy
April 14 2016
The Founding Chairman of the Cevital Group, Issad Rebrab, will receive the award for Personality of the Year on Friday 15 April 2016 in Venturina, Italy.
This award is given by the Tuscany region in recognition of the partners that have contributed to the renewal of economic dynamism in the region.
This prize honours the investment strategy of Issad Rebrab to drive a recovery in the special steels industry as well as the development of the food industry in Piombino.
Mr Rebrab will be presented with the award alongside two other eminent representatives, Pierre Nardi, extraordinary commissioner of the Lucchini–Aferpi transition for his career as a whole, and Enrico Rossi, Governor of Tuscany, for his support of the Region, in the presence of many representatives from the region’s economic and political institutions.
In June 2015, Issad Rebrab took over the struggling Lucchini steel company in Piombino, Italy’s second-largest steel hub, for €10 million, maintaining 750 jobs and aiming to recruit 1,200 others over time as new investments are made. With this strategic acquisition, Cevital plans to increase the initial steel production capacity in Piombino to 2 million tonnes (to be confirmed).
Ultimately, the Cevital Group intends to invest €400 million in the development of additional steel, logistical and agro-industry business in the port of Piombino, offering opportunities to markets both in North Africa and further afield.
About Cevital
Cevital is the leading private industrial group and exporter in Algeria, excluding petroleum products.
This highly diversified group features 26 subsidiaries, spread out across the industry (flat glass and steel), food processing, retailing, automotive and services sectors. The Cevital group generated an annual turnover of $4 billion in 2015. It exports to nearly thirty countries worldwide. In recent years it has developed its business activities internationally through the acquisition of Oxxo and Brandt in 2013 and 2014 in France, the steel producer Aferpi in Italy, Alas in Spain and in Brazil, where it is developing its expertise in steel, food processing and port infrastructure.
Issad Rebrab is the founding chairman of the Cevital Group, which employs 18,000 people.
Press contact :
presse@cevital.com | Tel : 00 213 (0) 23 56 38 02 09/10 | Fax : 00 213 (0) 23 56 38 31