Warsaw: The government-backed Polish Capital Investment Fund (FIK) will provide over 2.4 billion zloty ($662.9 million) to four companies from the Polish Armaments Group (PGZ) to expand the production of 155 mm ammunition, according to an announcement.
The funding will provide opportunities for the companies to expand as well as create new infrastructure and technological lines. This will allow for a significant increase in the production potential of materials and munitions, including 155mm shells that have been in huge demand since the start of the conflict in Ukraine.
Zakłady Metalowe Dezamet will receive 1.36 billion zloty to expand the production potential of 155 mm ammunition, Mesko will be granted 887 million zloty to increase the production capacity of 155 mm shells, Zakłady Chemiczne Nitro-Chem will receive 113 million zloty for the purchase of technological lines for elaborating 155 mm ammunition, and Zakłady Produkcji Specjalnej Gamrat will be granted 66 million zloty for the construction of and installation and production of base bleeds.
“We are intensively expanding our production capacity, increasing the quantitative volume and dynamically acquiring competences and technologies to produce the necessary types of weapons. This is our response primarily to the dramatic change in the security situation in Europe and the related needs of the Polish Armed Forces,” said Adam Leszkiewicz, president of the management board of PGZ, in a statement.
