War tech goes old school with Sweden’s first TNT factory since Cold War

A Swedish startup is taking defence tech back to basics — by building the country’s first TNT factory since the Cold War. Stockholm-based Swebal has secured a €3mn investment for the plant, slated to enter full operation in late 2027. Located in Nora, a town about three hours from the capital, the factory is expected to produce more than 4,000 tonnes of TNT a year. Investors in the facility include the co-founder of venture capital firm EQT, Thomas von Koch, serial entrepreneur Pär Svärdson, and Sweden’s former army chief, Major General Karl Engelbrektson.   Joakim Sjöblom, Swebal’s founder, said the…

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