OTS - Framo on a clear course: New investments of 15 million euros, market presence strengthened
2021. June 17. 08:15
Löbichau, 17 June, 2021 (APA/OTS) - Top meeting of Framo GmbH,
Löbichau: Investor and main shareholder Majed Al-Askar announces
high investments - With 5 million euros in the current fiscal year
2021 and a further 10 million euros in 2022, the Saxon eTruck
designers and retrofitters are once again committing to future
markets - Research, development and battery production to be
significantly expanded
After a top management meeting, Saxon eTruck builder and
retrofitter Framo reaffirms its role as a specialized industry
shaper: "We will increase investment volume by 5 million euros
before the end of the current fiscal year, with another 10 million
euros to follow as early as 2022," says Majed Al-Askar, principal
shareholder and investor in Framo GmbH. "We will continue to play a
key role in shaping the market for emission-free heavy-duty
transport."
New perspectives after change in management
"In the past and with the previous management, unfortunately,
not everything went consistently smooth," says Al-Askar. "But with
new management, we have put Framo GmbH back on track. Above all,
this is a team effort: we have replaced crucial positions in the
management and gained an important employee in CMO and CBDO Serhat
Yilmaz."
Framo accepts responsibility, good news for customers and
partners
The large-scale investments are to be used in the areas of
research, development and production. "We will position ourselves
more broadly overall," reveals Serhat Yilmaz. "Delivery times will
now be further shortened, the expansion and conversion of electric
vehicles in the heavy-duty sector will be accelerated, and their
range will be improved. New priorities are being set, particularly
in the area of battery research and fuel cell technology."
- Picture is available at AP Images (http://www.apimages.com) -
Press contact:
CMO and CBDO Serhat Yilmaz
Phone: +49 36602 473330
Mail: s.yilmaz@framo-eway.com
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