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Nexter set for ammo boom

21st December 2015 - 09:50 GMT | by Grant Turnbull in La Chapelle Saint-Ursin

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Nexter Group’s newly enlarged ammunition business is expected to achieve sales of nearly €750m in 2015, a 50% increase from last year.

Officials disclosed their results for 2015 during a media visit to its facilities in La Chapelle Saint-Ursin, France, last week.

This year’s strong performance has been aided by the French company’s acquisition of two ammunition companies, Simmel Difesa in Italy and Mecar in Belgium, from UK-based Chemring Group last year.

Mecar – a company that specialises in niche ammunition – had an ‘exceptional’ year in 2014, according to managing director Simon Haye, achieving €192.3m in sales.

A quarter of Mecar’s

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