CSG Commits €100m to German Energetics Plant
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The CSG industrial and technology group, through its subsidiary CSG Energetics Materials Germany GmbH, has finalized the acquisition of the Gnaschwitz industrial complex in Germany. The facility is located near Bautzen in Saxony and covers a total area of 57 hectares. In the first phase of the complex's development, CSG will invest over €100 million. The group will establish industrial capacity there for the production of nitroglycerine and nitr…
CSG commits €100m to German energetics plant
CSG plans to invest more than €100 million in the initial redevelopment of the Gnaschwitz industrial site in Saxony, adding German capacity for nitroglycerin, ammunition components, and potentially complete ammunition assembly. The group acquired the 57-hectare site near Bautzen from MAXAM through CSG Energetic Materials Germany. The first phase will establish production for nitroglycerin and related materials while preparing areas for ammunitio…
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