SOLAR Industries and EURENCO Announce Strategic Partnership Agreement for Artillery Ammunition
The strategic partnership agreement was made during the Eurosatory 2018 exhibition in Paris-Villepinte.
SOLAR Industries, India’s largest manufacturer of explosives and initiating systems, and EURENCO, the European leader in energetic materials, announced a strategic partnership agreement related to the supply of Explosives, Propellants, Transfer of Technology projects and to a common offer for the Bi-Modular Charge System (BMCS) project in India. The announcement was made during the EUROSATORY 2018 exhibition in Paris-Villepinte, from June 11-15.
SOLAR and EURENCO signed a preliminary Memorandum of Understanding (MoU) as far back as July 2016 to evaluate various cooperation options, including the BMCS project. The two companies confirm with this strategic partnership their strong will to reinforce their cooperation to address the Indian Army’s needs and future developments including export options. EURENCO is ready to collaborate with SOLAR for the supply of Propellants, Bombs, Ammunition filling and Modular Charges technologies under the ‘Make in India’ policy for the private sector. SOLAR is willing to build dedicated infrastructure facilities with the technical assistance of EURENCO on its explosive and propellant facilities in Nagpur, India. The new facility would include Propellant Plants, one of the key components of Modular Charges, Bombs and Ammunition filling capabilities.
CEO of EURENCO, Dominique Guillet declared that “This partnership agreement is at the heart of our strategy in India which is today one of the key markets that we aim for as part of our global export policy in Asia”
CEO SOLAR Industries, Manish Nuwal commented, “We have built a strong relationship with EURENCO and are working on a collaborative approach to set up infrastructure facilities under the ‘Make in India’ program of the Government of India to fulfil the needs of the Indian Army.”
SOLAR Industries India Ltd. is the largest exporter and manufacturer of explosives and initiating systems in India with a global footprint with Plants at 17 locations in India and at 4 locations abroad. On the other hand EURENCO is the European leader in Energetic Materials with a full range of Propellants, Explosives, Combustible items and additives for Strategic markets such as Defence & Security, Space, Oil & Gas, Fuel Additives.