Rheinmetall plans to build a new plant to produce artillery ammunition in Ukraine. The German defense company and a Ukrainian partner company signed a declaration of intent on the sidelines of the 60th Munich Security Conference, as the company announced on Saturday.
“We want to be an efficient partner for Ukraine in rebuilding the once strong defense industry in Ukraine and ensuring the autonomy of Ukrainian capacities,” said Rheinmetall’s CEO, Armin Papperger, explaining the decision. According to the announcement, the Minister of Strategic Industries, Alexander Kamyshin, was present at the signing on the Ukrainian side. The joint venture is expected to produce a six-figure number of bullets per year in the two partners’ factory.
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In October last year, the German arms company founded its first joint venture with a Ukrainian partner to maintain and repair tanks in Ukraine. According to Rheinmetall, armored vehicles will also be produced there later.
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