ZVS Holding massively increasing ammunition capacity

ZVS Holding, jointly owned by the state and Czech CSG (Martin Strnad), launched a €100m line in Dubnica for filling 81–155 mm artillery ammunition. Its annual capacity will increase to 280,000 units, and sales will rise from €120m last year to €218m this year and €333m in 2026. Last October, ZVS Holding launched a €32m line for the production of large-caliber ammunition at its plant in Snina.

The company recently signed a €58bn seven-year framework contract with Slovakia for the supply of ammunition, and six countries including Poland, Romania, and Greece have already joined the contract.

Defense Minister Robert Kaliňák reckons that Slovakia will become the second-largest large-caliber ammunition manufacturer in Europe and that the defense industry will account for 3% of Slovakia's GDP.

(pravda.sk)