CSG commits 100 million euros to ammunition in Germany

Czech company CSG successfully acquired an industrial site in Saxony, Germany, at a cost exceeding 100 million euros, with the aim of boosting the production of munitions and explosives, particularly nitroglycerin, to address the shortage of strategic materials in the European defense industry. The acquisition, which included taking over the Spanish company Maxam, will create up to 125 new jobs. This move is part of the company's expansion efforts to keep pace with increased European defense spending following the war in Ukraine, aiming to secure supplies and reduce dependence on external suppliers. This step forms part of CSG's strategy to strengthen its global position, benefiting from the rising demand for military equipment, as its revenues reached 6.7 billion euros in 2025, with orders increasing to 17 billion euros in the first quarter of 2026.

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