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Rheinmetall partnership agreement for new artillery ammunition plant in Lithuania 🇱🇹

Rheinmetall
$RHM (+0.11%), EPSO-G Invest and Giraitės ginkluotės gamykla have now signed an agreement on their shares in the joint venture Rheinmetall Defence Lietuva joint venture. Rheinmetall will 51 percent, EPSO-G Invest 48 percent and Giraitės ginkluotės gamykla 1 percent.

According to initial calculations, the total investment in the new plant could be around 260 million euros with 150 new direct jobs.

Operations are expected to start within two years.

Graphic: Rheinmetall/Sabine Ritzkat, Rheinmetall

1 Comment

Lukas@Strypas230

It sounds like a buy in of advantageous military location to get supplies.
As a Lithuanian I'm informed that "Giraitės ginkluotės gamykla" so far has been specialized in smaller/mid caliber ammunitions, so the knowledge and technology should all come from "Rheinmetall".
Although they did apply for EP financial aid for a solar plant for more "avaliable and sustainable energy"; project is called: AB GIRAITĖS GINKLUOTĖS GAMYKLA AEI GAMYBOS PAJĖGUMŲ ĮRENGIMAS
Project nr 02-011-K-0122

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