Rheinmetall NIOA Munitions (RNM), a joint venture between German defense technology company Rheinmetall and Australia’s NIOA, is starting construction of a new munitions forging facility in the Fraser Coast region.
Onsite works under the AU$60 million contract are set to begin this week, with the Australian government committing $28.5 million.
The facility will produce munitions for supply to the Australian defense forces and for export to allied nations via Rheinmetall’s global supply chain.
“It’s exciting to take the next step in this project with the first site works about to commence. We opened our Project Office last year in Maryborough in preparation for a facility that we hope will have a long-term positive impact on this region,” Werner Kraemer, Chairman of Rheinmetall NIOA Munitions, said.
The forging facility, including an office and warehouse, is scheduled to be fully operational by 2022.
