ENXTAM:CSGAerospace & Defense
CSG’s Greek Ammunition Venture Deepens European Defence Supply Chain Role
CSG (ENXTAM:CSG) has formed a joint venture with Greek state owned Hellenic Defence Systems to restore and expand large calibre ammunition and explosives production in Greece.
The new entity, Hellenic Ammunition S.A., will focus on modernizing and expanding capacity at the Lavrio site, including production of TNT and advanced propellants.
The project includes plans to increase employment and deepen CSG's industrial footprint and vertical integration in the European defence sector.
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