Latest news with #VladyslavBelbas
Yahoo
6 days ago
- Business
- Yahoo
Czech company completes construction of projectile production line in Ukraine
Czech defence giant Czechoslovak Group has almost completed the construction of an artillery projectile production line in Ukraine. Source: Ukrainian military news outlet Militarnyi Details: The Czechoslovak Group will soon complete the construction of a production line to manufacture 155 mm artillery projectiles as part of a joint project with the Ukrainian government. "The production site is at the final stage of preparation for launch, but we cannot announce a specific date at this time," the company's representatives said at a briefing at the Czechoslovak Group headquarters. Militarnyi reports that the company will produce the main range of ammunition included in the Czechoslovak Group's production offer. The Czech company is solely responsible for preparing the production line, while the Ukrainian side is responsible for all other organisational processes. In addition, the briefing stressed that the company will be located in an area with a low risk of missile attacks, which will ensure stable and uninterrupted production in the future. The briefing also revealed the types of ammunition that will be produced in Ukraine under the license. These are 155-mm artillery rounds M107, 155-mm artillery rounds L15 of increased power and 155-mm long-range artillery round HE ER-BT/BB MKM/VMK. Additionally, 105-mm high explosive incendiary artillery rounds M1 NE and 120-mm tank rounds of an unspecified type will be produced as well. Background: Ukrainian Armour signed a package of documents on cooperation with the Czech holding Czechoslovak Group (CSG) in October 2024. One agreement concerns the supply of components, and the other concerns the licensing of ammunition production (transfer of technology and documentation for the production of artillery rounds). "We plan to produce and supply about 100,000 rounds of ammunition next year and more than 300,000 in 2026. The equipment preparation process has already started," said Vladyslav Belbas, CEO of Ukrainian Armour. Czechoslovak Group AS reported record sales and profitability for last year as the war in Ukraine boosted demand for heavy ammunition and combat vehicles manufactured by the Prague-based company. Revenue jumped 71% to €1.73 billion (about US$1.9 billion), said the defence conglomerate known as CSG, owned by Czech billionaire Michal Strnad. Earnings before interest, taxes, depreciation and amortisation rose 130% to €439 million. Support Ukrainska Pravda on Patreon!
Yahoo
22-05-2025
- Automotive
- Yahoo
Ukrainian-made Varta 2 combat vehicle ready for mass production following tests
The Varta 2 specialised armoured vehicle has passed all required tests, completed the certification process and is approved for supply to the Armed Forces of Ukraine. Source: Ukrainian Armor, Ukraine's largest private arms manufacturer Details: The company's Chief Executive, Vladyslav Belbas, stated that Ukrainian Armor is ready to launch mass production of the Varta 2. He highlighted the significant demand for vehicles of this class on the front line. "Since the prototype's unveiling, we have received numerous requests from the military regarding the Varta 2, indicating a strong need for armoured vehicles of this class at the front. In addition to speed and mobility, essential in modern warfare, the Varta 2 offers a high level of protection. Its payload capacity allows integration of the Sich combat module, providing unprecedented firepower for its class, enabling infantry support and the destruction of enemy armoured vehicles," Belbas noted. He added that the company has certified various modifications of the Varta 2, including those equipped with a turret and the Sich combat module. Background Ukrainian Armor presented the Varta 2 armoured wheeled combat vehicle at the MSPO 2024 International Defence Industry Exhibition in Kielce (Poland). Developed in just six months, the vehicle features a modern fire suppression system and enhanced mine protection. Support Ukrainska Pravda on Patreon!
