CSG Lavrio Venture Deepens European Ammunition Role For Long Term Investors [Yahoo! Finance]
RHEINMETALL AG UNSP/ADR (RNMBY)
NASDAQ:AMEX Investor Relations:
rheinmetall.com/en/rheinmetall_ag/corporate_social_responsibility/stakeholder_2/investoren_2/index.php
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Source: Yahoo! Finance
CSG (ENXTAM:CSG) has formed a joint venture with Greece's Hellenic Defence Systems to restart large calibre ammunition and explosives production at the Lavrio site. The partnership includes renewed TNT production capacity in Europe and plans to modernize and scale the facility with new production lines. The initiative is expected to increase employment at Lavrio and restore critical defence manufacturing capabilities for European customers. CSG, trading at €30.555 per share, is moving to expand its defence manufacturing footprint through this long term partnership with a key European state backed entity. The company's year to date return stands at a 7% decline, which gives this operational development added relevance for investors monitoring how ENXTAM:CSG is positioning itself in defence supply chains. For investors, the Lavrio venture matters because it ties CSG more closely to European defence demand and historically constrained TNT production capacity. The scale of planne
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