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عكس السير
Czech firm allocates €100M for German ammo plant
Czech company CSG, specializing in the production of ammunition and weapons, has taken over the Gnaschwitz site in the German state of Saxony, with the aim of developing it for the production of nitroglycerin and ammunition, and plans to invest more than $115 million in the first phase. The project aims to enhance the capacity to produce high-energy strategic materials and reduce dependence on external suppliers, as defense spending in Europe increases due to the war in Ukraine. The company is one of the largest ammunition producers in Europe and the world, and plans to create approximately 125 additional jobs. It continues to expand its industrial presence to strengthen the defense supply chain.
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