European Ammunition Production Capacity Increase
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PST Group to Build Rheinmetall Factory in Baisogala
Globenewswire· 2025-10-30 11:03
Core Viewpoint - PST Group has secured a €141 million contract for the construction of a defence factory in Lithuania, marking the largest investment in the country's defence industry history [1] Project Overview - The factory complex will be established on a 340-hectare site in Kemėrai village, focusing on the production of tens of thousands of 155 mm caliber artillery ammunition annually [2] Strategic Importance - This project is crucial for enhancing Europe's ammunition production capacity and has been granted special status by the Lithuanian Government in 2024, recognizing it as essential for state security and defence needs [3] Responsible Approach - The CEO of PST Group emphasized the project's significance for national and European security, highlighting the company's experience in industrial construction and commitment to quality and sustainability. The Rheinmetall project contributes to a broader portfolio exceeding €400 million [4] Construction Plans - Construction is set to commence in October 2025, with the completion of the factory complex anticipated by the end of 2026 [5]