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Germany’s Rheinmetall and Bulgaria to build joint ammunition plant with EU funding, boosting European defense production.
Germany’s Rheinmetall has agreed with Bulgaria to build a joint venture ammunition plant producing gunpowder, 155mm shells, and modular charges, with Rheinmetall holding a 51% stake.
Funded partly through EU loans under the SAFE mechanism, the facility aims to create nearly 1,000 high-skilled jobs and begin production within 14 months, with an initial capacity of 100,000 shells annually.
The project supports Europe’s effort to strengthen defense manufacturing post-Ukraine invasion and revives Bulgaria’s Cold War-era arms industry, enhancing its role as a key ammunition supplier to Ukraine.
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Alemania: Rheinmetall y Bulgaria construirán una planta conjunta de municiones con financiación de la UE, impulsando la producción europea de defensa.