CSG and Eurenco to Establish Joint Venture for Slovak Artillery Propellant Plant
CSG Group and Eurenco have formed a joint venture to build an artillery propellant plant in Strazske, Slovakia. The investment totals approximately €300 million, with construction expected to start soon and production slated for 2028. This initiative aims to enhance ammunition production capabilities in response to increased governmental demand across Europe.
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Czech defense company CSG Group will build an artillery propellant plant in Strazske, Slovakia, through a joint venture with France's Eurenco. The investment is around €300 million, with construction set to begin shortly and production anticipated to start in 2028.
The partnership addresses a shortage in propellant charge systems for artillery ammunition in Europe. ZVS Holding, part-owned by CSG, will lead the project, which is expected to create approximately 300 jobs and significantly enhance Slovakia's defense production capabilities. The factory will produce several hundred thousand powder cartridges annually.
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