alba24.ro/uzina-mecanica-cugir-majorare-de-capital

Uzina Mecanică Cugir has received approval for a capital increase of approximately 131 million lei, funded by the Romanian state for defense investments. This decision, made by the Extraordinary General Assembly, raises the company's capital from about 348 million to nearly 480 million lei. The funds will be allocated for military-related projects, specifically in armament and ammunition production, although no specific project list or timeline was provided. The capital increase involves issuing over 52 million new shares, with the Romanian state as the primary shareholder. This initiative is part of a broader modernization program aimed at enhancing production capabilities for NATO-compatible ammunition, including a recent contract worth 54 million euros for specialized machinery.