The Ministry of Economy and Innovation of Lithuania and a Ukrainian company have signed a letter of intent regarding cooperation in the construction of an explosives manufacturing plant in Lithuania.
This was reported by the press service of the Lithuanian Ministry of Economy.
It is stated that the implementation of the project will enhance the defense capabilities of Ukraine, Lithuania, and Europe. Construction work is expected to begin next year.
“We are actively developing defense cooperation with our partner Ukraine. The new explosives manufacturing plant in Lithuania is a clear signal to the aggressor that we will not back down. The defense capabilities of Ukraine and Europe are increasing and will continue to grow both in terms of armaments and ammunition and in terms of advanced defense and security technologies,” said Aušrinė Armonaitė, the Minister of Economy and Innovation of Lithuania.
The global market for RDX (hexogen) explosives is rapidly growing.
This explosive has better properties than many other modern explosives: it detonates extremely quickly and has powerful explosive force.
RDX can be used alone or in combination with other explosive materials and is applied in the production of a wide range of bombs, mines, and other munitions.
The RDX market was valued at approximately €10 billion in 2023. Due to the increased demand for this explosive, it is projected that the market will grow and reach USD 13 billion by 2028.
According to Erikos Kuročkinos, Deputy Minister of Economy and Innovation, the new Ukrainian plant will make a significant contribution to the development of Lithuania's defense sector.
