March 20, 2025|
AI
|9 months agoSwiss Parliament Backs Nitrochemie Expansion to Boost Defense Capabilities
House of Representatives supports CHF200 million investment in armaments company to strengthen national defense infrastructure
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Generated IllustrationKey Takeaways
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- The Swiss House of Representatives voted 124 to 59 in favor of expanding Nitrochemie.
- The expansion requires an investment of over CHF 200 million.
- Nitrochemie is a joint venture between German Rheinmetall Group and Swiss Ruag MRO.
- Ruag MRO currently lacks the funds for this specific investment.
- The capital for expansion must be secured by next May.
By The Numbers
124
votes in favor
CHF 200 million
investment required
59
votes against
They Said
"ensure that Ruag MRO has the necessary capital for the capacity expansion of Nitrochemie by next May"