Zürcher Nachrichten - Defence giant Rheinmetall opens mega-plant as Europe rearms

EUR -
AED 4.340453
AFN 75.052479
ALL 96.348079
AMD 445.367279
ANG 2.115247
AOA 1083.784008
ARS 1653.521397
AUD 1.678801
AWG 2.127384
AZN 2.006423
BAM 1.953857
BBD 2.380322
BDT 144.425163
BGN 1.947319
BHD 0.445532
BIF 3504.315351
BMD 1.18188
BND 1.493239
BOB 8.184204
BRL 6.176451
BSD 1.18182
BTN 107.141833
BWP 15.595502
BYN 3.36838
BYR 23164.843161
BZD 2.376916
CAD 1.61654
CDF 2665.138675
CHF 0.913114
CLF 0.025938
CLP 1024.240434
CNY 8.165193
CNH 8.144736
COP 4344.483603
CRC 568.306032
CUC 1.18188
CUP 31.319813
CVE 110.154532
CZK 24.281761
DJF 210.463595
DKK 7.470922
DOP 72.919289
DZD 153.470679
EGP 55.459581
ERN 17.728196
ETB 183.831424
FJD 2.616032
FKP 0.867172
GBP 0.87416
GEL 3.161474
GGP 0.867172
GHS 12.994034
GIP 0.867172
GMD 86.867495
GNF 10374.639694
GTQ 9.064948
GYD 247.265753
HKD 9.236183
HNL 31.285757
HRK 7.531288
HTG 154.887322
HUF 378.132963
IDR 19892.218124
ILS 3.664873
IMP 0.867172
INR 107.173449
IQD 1548.253885
IRR 49786.684786
ISK 144.9931
JEP 0.867172
JMD 184.445029
JOD 0.837931
JPY 181.471786
KES 152.462262
KGS 103.355993
KHR 4750.035479
KMF 490.479892
KPW 1063.627458
KRW 1712.472925
KWD 0.362317
KYD 0.984958
KZT 580.071466
LAK 25319.537173
LBP 105831.755384
LKR 365.683275
LRD 219.825828
LSL 18.966618
LTL 3.489783
LVL 0.714907
LYD 7.450528
MAD 10.784784
MDL 20.114722
MGA 5173.592796
MKD 61.6356
MMK 2481.978798
MNT 4218.555568
MOP 9.515915
MRU 47.180288
MUR 54.28339
MVR 18.206865
MWK 2049.392748
MXN 20.336309
MYR 4.605959
MZN 75.534472
NAD 18.967259
NGN 1590.136286
NIO 43.495093
NOK 11.292684
NPR 171.431805
NZD 1.964999
OMR 0.454428
PAB 1.181865
PEN 3.956432
PGK 5.076909
PHP 68.404781
PKR 330.518939
PLN 4.216829
PYG 7725.318037
QAR 4.307816
RON 5.096271
RSD 117.415036
RUB 90.416096
RWF 1726.074079
SAR 4.432448
SBD 9.508438
SCR 16.062677
SDG 710.906069
SEK 10.655472
SGD 1.495084
SHP 0.886716
SLE 28.89646
SLL 24783.426715
SOS 674.326605
SRD 44.558069
STD 24462.524683
STN 24.47349
SVC 10.341673
SYP 13071.087646
SZL 18.961065
THB 37.052104
TJS 11.180504
TMT 4.136579
TND 3.413905
TOP 2.845683
TRY 51.683372
TTD 8.014623
TWD 37.155909
TZS 3063.988981
UAH 51.144127
UGX 4177.474836
USD 1.18188
UYU 45.922587
UZS 14408.124148
VES 464.159719
VND 30693.417188
VUV 140.748379
WST 3.196865
XAF 655.272139
XAG 0.016295
XAU 0.000243
XCD 3.194089
XCG 2.130001
XDR 0.81403
XOF 655.305372
XPF 119.331742
YER 281.70118
ZAR 18.99594
ZMK 10638.335945
ZMW 21.857508
ZWL 380.564798
  • RYCEF

    0.4100

    17.51

    +2.34%

  • CMSC

    0.0250

    23.8

    +0.11%

  • CMSD

    0.0700

    23.71

    +0.3%

  • RIO

    -1.9700

    96.1

    -2.05%

  • NGG

    0.6900

    93.09

    +0.74%

  • BCE

    -0.0550

    25.655

    -0.21%

  • GSK

    1.5840

    60.514

    +2.62%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • VOD

    0.0520

    15.622

    +0.33%

  • JRI

    0.0000

    13.24

    0%

  • BCC

    -0.4400

    86.06

    -0.51%

  • BP

    -0.2500

    37.41

    -0.67%

  • AZN

    4.6950

    210.245

    +2.23%

  • RELX

    -0.7050

    30.355

    -2.32%

  • BTI

    -0.6200

    58.88

    -1.05%

Defence giant Rheinmetall opens mega-plant as Europe rearms
Defence giant Rheinmetall opens mega-plant as Europe rearms / Photo: Ronny HARTMANN - AFP

Defence giant Rheinmetall opens mega-plant as Europe rearms

German weapons-maker Rheinmetall opened Europe's largest munitions plant on Wednesday, a move hailed as boosting Western defences by NATO chief Mark Rutte.

Text size:

Taking up 30,000 square metres -- the size of five football pitches -- the factory in Unterluess in northern Germany will be able to produce 350,000 artillery shells a year by 2027.

"This is absolutely crucial for our own security and also to keep supporting Ukraine in its fight today and to deter any aggression in the future," Rutte said at an opening ceremony.

"We are being challenged" by China and Russia, he said, but added that Europe and the United States together are on course to "turn the tide on defence production".

Europe has moved to ramp up weapons production and military readiness following Russia's full-scale invasion of Ukraine in 2022, accelerating efforts as US President Donald Trump has urged Europe to take more responsibility for its own defence.

Artillery shell production across the continent is now six times greater than it was two years ago, Rutte said, and Germany earlier this year loosened strict debt rules so that it can borrow billions to pay for military equipment.

Speaking alongside Rutte at the ceremony, German Defence Minister Boris Pistorius said that Europe could not confront security challenges if it did not develop its industrial base to convert spending promises into concrete capabilities.

"The miliary and armed forces only work as well as the country behind them," he said. "We need to be successful because we are faced with a threat."

Washington was watching closely to see if Europe could deliver on its promises to increase spending, Pistorius added.

"NATO has to become more European so that it can stay transatlantic," he said. "This is the demand before which we stand as Europeans."

- 'Turning point' -

Praising Pistorius for his efforts, Rheinmetall chief Armin Papperger said that politicians taking defence increasingly seriously had helped ensure the plant could be built in as little as 14 months when it would ordinarily take two or three years.

"There has been a turning point here in Germany," he said.

The plant will help fill a record-breaking munitions order worth 8.5 billion euros ($9.3 billion at the time) placed by the German government in July 2024.

German Chancellor Friedrich Merz has vowed to build Europe's "strongest conventional army".

Defence spending is projected to reach to reach 162 billion euros in 2029, more than triple the defence budget compared to its level before the war in Ukraine.

Rheinmetall's Unterluess site already makes guns and munitions for the Leopard 2 tank, which has been used by the Ukrainian army.

Papperger also signed a 550-million-euro deal on stage with Romania's economy minister for a plant he said would probably be completed within the next 18 months.

Separately, Germany's cabinet signed off a draft law on Wednesday that aims to boost armed forces recruitment and includes provisions for compulsory military service if there are not enough volunteers.

About 182,000 soldiers currently serve in the armed forces. Pistorius has said that should rise to 260,000.

Ch.Siegenthaler--NZN