The Hungarian state is building a new explosives plant to produce RDX (Research Department eXplosive) at its site in Várpalota, Hungary. Rheinmetall Denel Munition Pty (Ltd) from South Africa is supplying the necessary plant technology. Under the contract signed on 15 December 2022, a new plant will be built and operated by a joint venture consisting of Rheinmetall and N7 Holding, a state-owned Hungarian enterprise. The contract is worth a figure in the low three-digit million-euro range.
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| The project is a strategic investment by Hungary in cooperation with Rheinmetall in response to the shortage of explosives resulting from strong demand for ammunition in Europe and NATO (Picture source: Rheinmetall) |