Germany's Rheinmetall plans to build at least 4 arms plants in Ukraine

This is reported by Le Monde.

This includes the construction of factories for the production of shells, military equipment, gunpowder and anti-aircraft weapons.

"Ukraine is now an important partner for us, and we see a potential of two to three billion euros (in sales - ed.) per year," Papperger said.

According to Papperger, in the medium term, Rheinmetall plans to produce a total of 1.1 million 155 mm shells across all its facilities to strengthen its position as a global leader in this field.

For reference: Rheinmetall is one of the world's largest producers of artillery and tank shells. The company began to increase production after Russia's invasion of Ukraine in 2022.

• On February 17, the German military-industrial company Rheinmetall announced plans to open an ammunition plant in Ukraine as part of a joint venture with a Ukrainian partner.