FB Radom Facility: Loan-Financing of Modernization

17 sierpnia 2017, 13:32
Image Credit: FB Radom
Image Credit: Juliusz Sabak/Defence24.pl

The FB Radom firearms manufacturing facility is to receive more than PLN 90 million, to modernize the factory. The company has signed a loan agreement with the Bank Gospodarstwa Krajowego.

According to the information released by the Łucznik Radom Arms Factory, the agreement has been concluded by the Parties on Wednesday, 9th August 2017, at the BGK’s seat in Warsaw. The total amount of the loan is PLN 81 million, whereas the whole investment sum would be as high as PLN 90 million. 9 million zlotys is the amount defining the Fabryka Broni’s (Łucznik Radom Arms Factory) own contribution to the process. The term of the loan is going to last until the end of the year 2021.

The goal of the investment, as the company representatives stress, is to expand the Fabryka Broni facility’s production capabilities, to make it possible to manufacture more weapons, quantitatively, than now. The investment is to provide the Radom-based entity with an ability to attain proper production capacity which would make it possible to meet the needs defined by the Polish Army, uniformed services and to cover the export sales area.

The Radom-based FB Radom facility did not have sufficient funds at its disposal, in order to implement the modernization plan within the desired scope. Thanks to the loan pledged by the PGZ S.A., FB Radom is going to reach even higher level, technology-wise. The modern machinery inventory shall be viewed as the future of the facility.

Adam Suliga, president of the management board at the “Łucznik” Radom Arms Factory.

Within the framework of the loan-shaped investment project, acquisition of 70 modern machines and devices is planned, modern CNC milling machines and lathes constitute a major portion of the aforesaid hardware. The tenders, the goal of which would be to procure new machinery, are going to be announced in an ongoing manner. Deliveries and initiation of most of the devices have been planned to be implemented between the end of 2017 and the third quarter of 2018. 

FB Radom is a part of the Polish Armaments Group (PGZ). The company employs more than 500 professionals at the moment.

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