Latvia to build artillery ammunition factory by 2026
Latvia plans to launch a new artillery ammunition factory in 2026, the Delfi news portal reported on July 3.
The factory will produce 50,000 modular powder charges for
artillery ammunition annually, said Latvian Defense Minister Andris Sprūds.
Negotiations with local authorities are currently underway.
The factory is to be built on land owned by the Defense
Ministry, which already has the necessary infrastructure. The construction of
the factory will cost approximately EUR 12 million ($13 million), with EUR 1
million ($1.07 million) co-financed by the European Union.
Around EUR 15 million ($16 million) per year will be needed
to purchase raw materials for ammunition production. These materials will be
sourced from Italy.
The artillery shells will also be supplied to the Latvian army, the report said.
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