ZVS Holding aims to ramp up the production of 155mm artillery ammunition to meet the growing needs of the Armed Forces of the Slovak Republic. The company is also seeking participation in a European Union program that aims to strengthen the European production base and supply one million pieces of artillery ammunition to the Armed Forces of Ukraine.
Štefan Škultéty, the CEO of DMD Group, which owns 50% of ZVS Holding, emphasized that the company will proceed with the planned investments regardless of whether it secures funding from the European Union or not.
In March of this year, ZVS Holding was visited by the EU Commissioner for the Internal Market, Thierry Breton, who highly praised the company’s production capabilities.
“The experience in Ukraine confirms the importance of creating reserves of artillery ammunition. We anticipate that the increased production capacity will be utilized in the medium and long term to meet the needs of the Armed Forces of the Slovak Republic, NATO, and the Armed Forces of Ukraine,” highlighted Martin Sklenár, the Minister of Defence of the Slovak Republic.