An official ceremony marked the start of construction of the Rheinmetall ammunition factory in Baisogala. UAB “Valstybės investicinis kapitalas” has already indirectly invested EUR 36.4 million in UAB “Rheinmetall Defence Lietuva”.
The new factory will be built on a 340-hectare width in the Radviliškis district. The factory will manufacture and fill 155 mm shell casings, with plans to produce tens of thousands of such shells per year. The total value of this investment project could reach up to €300 million. It is planned that the new company will employ at least 150 people.
The construction of the factory near Baisogala should be completed in 2026. Production is planned to start at the end of 2026. Depending on the number of orders, production volumes will be gradually increased from 2027. It should be noted that Lithuanian industrial representatives and suppliers will participate in both the construction of the factory and its operational activities.
Armin Papperger, CEO of “Rheinmetall AG”: “The new factory in Lithuania will be strategically important not only for Lithuania itself, but also for Europe and NATO. The security of our country and our allies is an urgent concern for all of us. We are grateful to Lithuania for its trust and support. I promise that Rheinmetall will do its part to ensure operational readiness here on NATO’s eastern flank.”
“Our strategic investment in “Rheinmetall Defence Lietuva”, which includes the acquisition of shares and additional capital investment commitments, is a step towards strengthening Lithuania’s defense industry and economic resilience. This investment in “Rheinmetall Defence Lietuva” is extremely important for the entire European defense industry, as it will reduce our dependence on long supply chains and enable us to supply not only Lithuania’s military forces, but also those of other European Union countries, much more efficiently,” says Vaidas Daktariūnas, CEO of UAB “Valstybės investicinis kapitalas”.
UAB “Valstybės investicinis kapitalas” owns 49% of EPSO-G Invest shares. According to the joint establishment agreement of UAB “Rheinmetall Defence Lietuva”, 51% of the shares belong to the German defense industry giant “Rheinmetall AG”, 48% belong to “EPSO-G Invest”, and 1% belong to Giraitės arms factory. In total, UAB “Valstybės investicinis kapitalas” has already indirectly invested approximately €36.4 million in UAB “Rheinmetall Defence Lietuva”.
In total, UAB “Valstybės investicinis kapitalas” has already indirectly invested approximately €36.4 million in UAB “Rheinmetall Defence Lietuva”. The company plans to invest up to €71.05 million in the planned factory.