Czech CSG is negotiating with Ukroboronprom regarding the joint production of ammunition
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Czechoslovak Group, one of Europe’s largest arms manufacturers, offers Ukraine to increase its own production of ammunition against the backdrop of a reduction in Western aid.
About this informs Bloenberg.
According to Czechoslovak Group owner and CEO Michal Strnad, AS would like to invest hundreds of millions of euros in Ukraine to increase its ammunition production capacity.
It is noted that CSG is negotiating with Ukroboronprom regarding a potential joint venture and is looking for suitable locations for the production of artillery and tank shells, as well as heavy equipment.
“CSG has increased production of large-caliber munitions at its plants in Slovakia, Spain and Serbia by more than 10 times in the wake of a full-scale Russian invasion in 2022,” it said.
“If we have an agreement, we will transfer our technology to Ukraine. That way we could use their capabilities and their people to increase the production of artillery and tank ammunition,” Strnad said.
It adds that in addition to ammunition, CSG manufactures military and civilian Tatra trucks, armored vehicles and wheeled self-propelled howitzers, as well as modernizes Soviet T72 tanks for the Ukrainian army.
To meet growing global demand, the company is building new production facilities in the Czech Republic, and next month it plans to complete its $1.9 billion acquisition of the small ammunition business of US company Vista Outdoor Inc.
We will remind:
The European Union aims to buy 50% of weapons within the bloc by 2030 and cooperate with Ukraine.
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