The board of UAB Valstybės investicinis kapitalas, a company managed by the Ministry of Finance, has approved an additional investment of €16.46 million in the share capital of UAB EPSO-G Invest. The share capital of EPSO-G Invest is being increased by a total of €33.6 million, with the funds allocated to the development of Rheinmetall’s ammunition plant in the Radviliškis District.
EPSO-G and Valstybės investicinis kapitalas are shareholders in EPSO-G Invest, holding 51% and 49% of the company’s shares, respectively. EPSO-G is expected to invest €17.13 million.
The new plant will be built on a site covering approximately 340 hectares in the Radviliškis District. The facility will manufacture and fill 155 mm artillery shell casings. Annual production is expected to reach tens of thousands of shells. The total value of the investment project could amount to as much as €300 million.