"We need to significantly increase the production of explosives. Therefore, we must seriously consider the role of domestic industry in this matter," Hakkanen was quoted as saying by the broadcaster on Sunday.
Finland conveyed to its allies the need to quickly make decisions on the construction of the plant in the country, the minister added.
There is a critical shortage of explosives in Europe, the report read, noting that the only TNT production plant in the European Union is located in Poland, but the level of production does not meet demand.