Finance
Rheinmetall signs partnership deal on Lithuania ammunitions plant
Published by Global Banking & Finance Review®
Posted on January 3, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 3, 2025
1 min readLast updated: January 27, 2026
Rheinmetall partners with Lithuanian firms to build an ammunition factory near Baisogala, operational by 2026, with an investment of over €180 million.
BERLIN (Reuters) - Rheinmetall will take a 51% stake in Rheinmetall Defence Lietuva, which will build a new ammunition factory in Lithuania, as part of a partnership agreement, the German defence company said in response to a Reuters query on Friday.
As part of the agreement, the remaining 49% will be held by two Lithuanian companies, with the energy group EPSO-G taking the lion's share, according to Rheinmetall.
The plant is to be built near the Lithuanian city of Baisogala and is expected to go into operation in the second half of 2026. It should then be able to produce tens of thousands of 155-millimeter artillery shells every year.
More than 180 million euros ($185.31 million) will be invested in the construction in Lithuania, it added.
($1 = 0.9713 euros)
(Reporting by Matthias Inverardi, Writing by Miranda Murray, Editing by Friederike Heine)
The article discusses Rheinmetall's partnership to build an ammunition plant in Lithuania.
Rheinmetall and two Lithuanian companies, including EPSO-G.
The plant will be built near Baisogala, Lithuania.
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