The China Mail - Defence giant Rheinmetall opens mega-plant as Europe rearms

USD -
AED 3.672496
AFN 63.999914
ALL 81.482729
AMD 362.820235
ANG 1.790365
AOA 916.999747
ARS 1524.950103
AUD 1.444043
AWG 1.8025
AZN 1.695524
BAM 1.733158
BBD 2.015756
BDT 123.052656
BGN 1.683441
BHD 0.377328
BIF 3004.44854
BMD 1
BND 1.281424
BOB 12.054428
BRL 5.218202
BSD 1.000833
BTN 96.45446
BWP 14.158233
BYN 3.014683
BYR 19600
BZD 2.012832
CAD 1.424875
CDF 2312.497529
CHF 0.83099
CLF 0.024865
CLP 981.699414
CNY 6.70475
CNH 6.718055
COP 3320.6
CRC 457.240078
CUC 1
CUP 24.018396
CVE 97.712812
CZK 21.75105
DJF 178.215541
DKK 6.640303
DOP 59.79566
DZD 133.979954
EGP 52.346802
ERN 15
ETB 163.475001
EUR 0.88829
FJD 2.252295
FKP 0.753812
GBP 0.757375
GEL 2.594975
GGP 0.753812
GHS 11.724777
GIP 0.753812
GMD 73.999558
GNF 8804.033816
GTQ 7.645479
GYD 209.346324
HKD 7.846505
HNL 26.865513
HRK 6.667402
HTG 130.978015
HUF 327.740502
IDR 18005
ILS 3.086101
IMP 0.753812
INR 96.26955
IQD 1311.020726
IRR 1693850.00017
ISK 121.689811
JEP 0.753812
JMD 157.630753
JOD 0.708975
JPY 157.860499
KES 129.669462
KGS 87.44697
KHR 4053.132006
KMF 435.000205
KPW 900.000318
KRW 1363.360117
KWD 0.30877
KYD 0.834057
KZT 443.471634
LAK 22442.975382
LBP 89622.18589
LKR 330.728128
LRD 171.587828
LSL 16.576308
LTL 2.95274
LVL 0.60489
LYD 6.411393
MAD 9.760381
MDL 17.819861
MGA 4419.297095
MKD 54.561083
MMK 2099.783199
MNT 3598.053803
MOP 8.089432
MRU 40.068766
MUR 47.819887
MVR 15.459976
MWK 1735.373872
MXN 18.28782
MYR 4.085973
MZN 63.907668
NAD 16.575573
NGN 1328.34018
NIO 36.828953
NOK 9.61827
NPR 154.325085
NZD 1.78379
OMR 0.384498
PAB 1.000833
PEN 3.453202
PGK 4.464491
PHP 62.796984
PKR 277.237331
PLN 3.88995
PYG 5831.841625
QAR 3.648069
RON 4.746903
RSD 104.419636
RUB 83.290388
RWF 1476.791379
SAR 3.756193
SBD 8.065041
SCR 13.834797
SDG 601.502246
SEK 10.05364
SGD 1.281445
SHP 0.754575
SLE 24.612179
SLL 20969.491881
SOS 571.929887
SRD 37.672504
STD 20697.981008
STN 21.711004
SVC 8.757067
SYP 13002.000254
SZL 16.569484
THB 33.679499
TJS 9.217388
TMT 3.5
TND 2.975471
TOP 2.40776
TRY 49.033696
TTD 6.789784
TWD 31.954801
TZS 2635.002984
UAH 44.939475
UGX 3973.556883
UYU 40.28499
UZS 11829.395814
VES 859.10005
VND 25982
VUV 119.747847
WST 2.7762
XAF 582.68008
XAG 0.016501
XAU 0.000240606714
XCD 2.70255
XCG 1.803617
XDR 0.707052
XOF 582.68008
XPF 105.684789
YER 236.425003
ZAR 16.692759
ZMK 9001.203144
ZMW 19.680804
ZWL 321.999592
SSP 5712.591897
MXV 2.069688
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Defence giant Rheinmetall opens mega-plant as Europe rearms
Defence giant Rheinmetall opens mega-plant as Europe rearms / Photo: © 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.

L.Kwan--ThChM