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Rheinmetall to build a 155mm shell plant in Latvia with 275M euro investment, creating 150 jobs.
Rheinmetall, Europe’s largest ammunition producer, has signed a preliminary agreement to build a 155mm artillery shell plant in Latvia with a 275 million euro investment, creating around 150 jobs.
The joint venture, with Rheinmetall holding 51%, aims to boost regional defense capacity and meet rising demand from NATO allies, the German military, and Ukraine.
This follows similar expansions in Germany, Lithuania, Romania, Bulgaria, and plans for Ukraine.
The company reported record first-half 2025 sales of 1.32 billion euros, reflecting strong global demand driven by the war in Ukraine.
Rheinmetall aims to produce 1.5 million shells annually by 2027 and is diversifying into warship construction through acquisitions and partnerships.
Rheinmetall construirá una planta de proyectiles de 155 mm en Letonia con una inversión de 275 millones de euros, creando 150 puestos de trabajo.