EconomyLens.com
No Result
View All Result
Tuesday, July 8, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

France’s Macron calls for ‘sustainable’ defence industry effort

Andrew Murphy by Andrew Murphy
April 11, 2024
in Economy
Reading Time: 4 mins read
A A
3
19
SHARES
237
VIEWS
Share on FacebookShare on Twitter

'Defence industries will play a growing role,' said French President Emmanuel Macron (centre). ©AFP

Bergerac (France) (AFP) – France’s President Emmanuel Macron on Thursday called for a “sustainable” effort to scale up weapons production following the Russian invasion of Ukraine as he laid a foundation stone for a much-needed gunpowder factory.

Related

Trump says to set 50% copper tariff, no extension to August deadline

Trump says ‘no extensions’ to Aug 1 tariff deadline

Bulgaria becomes 21st member to adopt euro after EU green light

German exports to US tumble as Berlin urges quick trade deal

Major garment producer Bangladesh seeks deal after 35% US tariff

“Long term we are looking at a geopolitical, geostrategic shift in which defence industries will play a growing role,” he said.

He spoke as visited the site of a future gunpowder factory being built in the southwestern town of Bergerac to respond to a shortage of propellant charges needed to supply artillery shells to Ukraine.

“The effort that is being made here is urgent,” he said.

“We must be quick, go hard, mass produce,” he said, adding the effort must also be “sustainable”.

Eurenco, a leading Europen supplier of gunpowder and explosives, is to open the Bergerac factory in 2025 and produce 1,200 tonnes of propellant per year.

The defence group says it has received orders to last until 2030.

The site had been used to produce powder since 1915 during World War I, but had been dismantled in 2007 for lack of enough orders.

Eurenco CEO Thierry Francou said these had started to increase before the start of the Ukraine war but that the invasion had definitely been “a growth accelerator”.

European nations have pumped billions into defence spending and military aid since Russia’s invasion of Ukraine in February 2022.

Macron in June that year called for a boost to defence budgets in Europe, saying France was on a “war economy” footing. Paris last year ordered 20 billion euros ($21 billion) worth of military equipment, a third more than previous years.

© 2024 AFP

Tags: FranceRussiaUkraine
Share8Tweet5Share1Pin2Send
Previous Post

Opportunities and Challenges for Globalization in Business

Next Post

ECB opens door to June rate cut after another pause

Andrew Murphy

Andrew Murphy

Related Posts

Economy

Trump unveils first wave of steeper US tariffs in push for deals

July 7, 2025
Economy

Trump tariff threat clouds final day of BRICS summit

July 7, 2025
Economy

Trump says to slap allies Japan, South Korea with 25% tariffs

July 7, 2025
Economy

BRICS criticism brings Trump 10% tariff threat

July 7, 2025
Economy

Trump steps up pressure for deals as US tariff deadline nears

July 7, 2025
Economy

BRICS nations slam Trump tariffs, condemn strikes on Iran

July 7, 2025
Next Post

ECB opens door to June rate cut after another pause

US stocks try to rebound, Europe mixed despite ECB signal

Equities struggle despite ECB rate signal as data disappoints

US Fed's Barkin says recent inflation data 'not supportive' of case for rate cuts

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US stocks mostly lower as Trump adds copper, pharma to tariff onslaught

July 8, 2025

Where do trade talks stand in the rush to avert higher US tariffs?

July 8, 2025

United Airlines to resume US service to Tel Aviv

July 8, 2025

Trump says to set 50% copper tariff, no extension to August deadline

July 8, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.