Rheinmetall CEO dissatisfied with the pace of plant construction in Ukraine, blames bureaucracy

6 comments

1. **Sven Weier** – *UBS AG – Analyst*
   >
   > And maybe lastly, I mean, also circling back to the pipeline a bit on Ukraine and the ammunition contract. I mean, what’s the current status there.
   > Is that all influenced by the geopolitics and whether the US wants this or not, or how should we think about this contract?

   **Armin Papperger** – *Rheinmetall AG – Chairman of the Executive Board, Chief Executive Officer*

   > So as the first contract from the Ukrainian side is signed. At the moment not happy with the speed that we have on the Ukrainian side, but because
   > not of us, also because you know that there is a new factory that we build up, but we started in Ukraine on the same level or nearly the same time
   > that we started in Germany.
   >
   > In Germany we are ready and in the Ukraine, we are not ready. The bureaucracy in Ukraine is unfortunately very high. I’m not happy about that.
   > But they want to double the capacity now, on the factory number 1. This is the good thing of this story, and the other thing is still that that they
   > won’t go forward with higher numbers, but at the moment there is missing money.

   https://ir.rheinmetall.com/investor-relations/news/financial-reports

2. Germans complaining about bureaucracy worse than one in Gemany, now that’s a headline.

   For real though, I want to make a bet about this having nothing to do with bureaucracy but everything to do with officials wanting bribes.

3. Germany knows bureaucracy very well

4. Just gotta grease some palms. Don’t you know anything about Ukraine?!

5. always budget +15% for dat post soviet bribe.

6. One would hope that there’s effective anti air cover at these new plants, but i’m surprised they’re not built underground.

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