№ lp_2_3_26993
Announcement of the creation of Hellenic Ammunition S.A., detailing the agreements signed, investment plans, production capacities, and workforce expansion in Lavrio.
Date: 30 January 2026
Location: Lavrio, Greece
Type of document: Press release
Organizations: CSG N.V., Hellenic Defence Systems S.A.
Subject: Establishment of Hellenic Ammunition S.A. joint venture
Key personnel: Jiří Schönweitz (Managing Director, MSM Greece), Christoforos Boutsikakis (CEO, Hellenic Defence Systems)
Industry: Defence and ammunition manufacturing
Investment: Up to €50 million committed by CSG
Workforce: Current 120 employees, planned expansion to ~300 by end of 2026
Production: Large-calibre ammunition, 155 mm shells, TNT, base bleed grain propellant
Contract duration: 25-year managerial control of Lavrio site by MSM
Technology: Modernisation and expansion of production capacities
Website: www.czechoslovakgroup.com
Price: 8 / 10 USD
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