War tech goes old school with Sweden’s first TNT factory since Cold War
By Siôn Geschwindt A Swedish startup is taking defence tech back to basics — by building the country’s first TNT factory since the Cold War. Stockholm-based Swebal has secured a €3mn investment for the plant, slated to enter full operation in late 2027. Located in Nora, a town about three hours from the capital, the factory is expected to produce more than 4,000 tonnes of TNT a year. Investors in the facility include the co-founder of venture capital firm EQT, Thomas von Koch, serial entrepreneur Pär Svärdson, and Sweden’s former army chief, Major General Karl Engelbrektson. Joakim Sjöblom, Swebal’s founder, said the…This story continues at The Next Web
Source:: The Next Web
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