Framo on A Clear Course: New Investments of 15 Million Euros, Market Presence Strengthened

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  • 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

LÖBICHAU, GERMANY – Newsaktuell – 17 June 2021 – 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.”