The Hagedorn-NC company has long worked with civilian customers, but now it has been fully reoriented in the military segment.
German defense concern Rheinmetall got Hagedorn -NC, which produces nitrocellulose – a key ingredient for the manufacture of ammunition. This has been reported by the Financial Times.
It has been noted that the Hagedorn-NC company has long worked with civilian customers, but now it has been fully reoriented in the military segment. The company uses about 90 people.
“Getting is helping us close a strategic narrow area of rocket fuel making,” Rheinmetall CEO said Armin Papperger.
As you know, this step is part of the Rheinmetall approach to increase the manufacture of a 155 mm shell, which is planned to do a million by the end of next year. After the start of the entire Russian invasion of Ukraine, European companies reported nitro-cellulose deficiency due to the increase in the Russian Federation’s hope of Chinese suppliers.
It has been reported that the transaction still requires antimonopoly body permission. Meanwhile, the Hagedorn-NC will stop delivering civilian clients and focusing on military manufacture.
According to Herga Hofmann, CEO of the Hagedorn-NC, the transaction is “successful” and “opens new prospects and opportunities for growth”.
Remember that between the remembrance of RheinMetall defense and the Bundeswehr, an agreement ended with the provision of logistics support during the transfer of troops both to Germany and beyond its boundaries
RheinMetall receives a record and income income
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.