SWEBAL raises €30M to build Sweden’s first TNT facility and strengthen NATO ammunition supply

Sweden Ballistics (SWEBAL), the Swedish defence manufacturing company driving domestic trinitrotoluene (TNT) production to strengthen NATO resilience, today announces a €30 million funding round to complete construction of its TNT manufacturing facility in Nora, Sweden. SWEBAL is dedicated to strengthening NATO's resilience and enhancing European security through sustainable, large-scale ammunition production. Founded in 2024, SWEBAL is committed to addressing supply chain challenges, including