Rheinmetall has announced the construction of a plant for the production of artillery shells in Ukraine
The German arms concern Rheinmetall has signed a memorandum with the Ukrainian authorities to build a plant to produce artillery shells.
Europe’s largest ammunition manufacturer Rheinmetall will open a joint plant for the production of shells in Ukraine.
This was reported by the arms concern in the social network Х
Rheinmetall, Europe’s largest ammunition maker, plans to open a new ammo plant in #Ukraine 🇺🇦. MoU to set up a JV has been signed in the presence of Oleksandr Kamyshin, Ukrainian Minister for Strategic Industries, and 🇺🇦ambassador S.E. Oleksii Makeiev during Munich Security… pic.twitter.com/lD5Qx9UOGT
— Rheinmetall (@RheinmetallAG) February 17, 2024
The Memorandum of Understanding was signed in the presence of Minister of Strategic Industries of Ukraine Oleksandr Kamyshyn and Ambassador of Ukraine to Germany Oleksiy Makeev during the Munich Security Conference.
The new ammunition plant is expected to produce a six-figure number of 155 mm artillery shells per year.
The joint venture will also produce metal charges.
In total, the German concern Rheinmetall will own 51% of the shares in the joint plant, and the Ukrainian company will own 49%.
Rheinmetall scales up production of artillery shells for Ukraine
The defense concern Rheinmetall continues to increase production of artillery ammunition and wants to reach 700 thousand pieces per year by 2025.
This was stated by Rheinmetall CEO Armin Papperger, Handelsblatt reports.
We are in the process of doubling or even tripling our gunpowder production capacity in certain locations, such as those required for propellant charges for artillery shells.
By next year, Rheinmetall will be able to produce enough products to supply Europe.
According to Papperger, by 2025, the concern wants to produce up to 700 thousand artillery shells per year.
In addition to the plants in Spain and Hungary, Rheinmetall’s Unterluss plant in Lower Saxony will be the core of the expansion.
