news aktuell GmbH

Framo GmbH: Framo on a clear course: New investments of 15 million euros, market presence strengthened

Share
Main shareholder and Investor Majed Al-Askar with a Framo e-Truck. Framo GmbH
Main shareholder and Investor Majed Al-Askar with a Framo e-Truck. Framo GmbH
  • 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): 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.“

Contacts

Images

Main shareholder and Investor Majed Al-Askar with a Framo e-Truck. Framo GmbH
Main shareholder and Investor Majed Al-Askar with a Framo e-Truck. Framo GmbH
Download
Main shareholder and Investor Majed Al-Askar with a Framo e-Truck. Framo GmbH
Main shareholder and Investor Majed Al-Askar with a Framo e-Truck. Framo GmbH
Download

About news aktuell GmbH

news aktuell GmbH
news aktuell GmbH
Mittelweg 144
20148 Hamburg

+49 (0)40 4113-32589http://www.newsaktuell.de

As wholly owned subsidiary of dpa, news aktuell provides business and organizations with effective access to media and consumers. Via the smart tools ots and zimpel, PR content accesses all media formats, including classical print, high click-rate online portals and social networks. In addition, news aktuell publishes all its customers’ PR content on www.presseportal.de, one of the PR portals with the greatest reach in Germany. By this means, all the relevant multipliers are reached globally, from editors, via digital influencers right up to specialist bloggers and interested consumers. news aktuell has been on the market since 1989. The company, with a staff complement of more than 135, has its headquarters in Hamburg. Other offices are in Berlin, Dusseldorf, Frankfurt und Munich.

Subscribe to releases from news aktuell GmbH

Subscribe to all the latest releases from news aktuell GmbH by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from news aktuell GmbH

Grünenthal Group: Grünenthal’s Glucocorticoid Receptor Modulator enters clinical development27.7.2021 10:53:07 CEST | Press release

(Aachen, Germany): Grünenthal announced today that the first volunteers have been enrolled in a Phase I trial of its Glucocorticoid Receptor Modulator (GRM). The oral investigational medicine aims to provide a therapy option with broad anti-inflammatory efficacy and a more favourable benefit-risk profile compared to current glucocorticoid-based therapies like prednisolone. The Phase I trial includes 80 healthy volunteers and is designed as a head to head comparison between the GRM and prednisolone, the most frequently used glucocorticoid.[1] Observing several biomarkers, the trial will assess the influence of the investigational medicine on bone metabolism and glucose levels. Reduced bone formation leading to osteoporosis as well as increased blood glucose levels leading to an increased risk of diabetes are among the most common side-effects of glucocorticoids, which are a strong limitation for their long-term use at highly effective doses.[2],[3],[4] The results of the study are expec

msg life ag: msg life and IBM strengthen insurance digitization by leveraging leading End-To-End platform capabilities for the life insurance & pensions industry outside the German-speaking countries27.7.2021 10:20:45 CEST | Press release

msg life and IBM Germany are collaborating on the implementation of the msg.Insurance Suite Life, combined with IBM Global Business Services’ core competencies of consulting, implementation and migration. The joint value proposition by IBM and msg life supports insurance companies in the end-to-end digitisation of their life and pension business and can thus strengthen their competitiveness significantly. Leading insurance companies across Europe are already benefiting from the joint solution proposed by msg life and IBM.

Passive House Institute: Reliable climate protection with Passive House15.7.2021 16:19:02 CEST | Pressemelding

Darmstadt, Germany. Happy Birthday! Passive House is celebrating its 30th anniversary. The ground-breaking project by Professor Wolfgang Feist paved the way for highly energy efficient buildings. Passive House buildings consume significantly less energy for heating and cooling and are therefore pivotal to global climate protection. The Passive House standard is leading the way for a significant reduction in the building sector's share of approximately 40 % of global CO₂ emissions. International beacon projects are competing for the Passive House Award 2021. The architectural award will be handed over by the Passive House Institute at the 25th International Passive House Conference in September.

PMG Presse-Monitor acquires software developer X-CAGO8.7.2021 09:30:00 CEST | Pressemelding

PMG takes another step towards becoming a central data hub for publishers Higher standard of quality for converting publishers’ content Secondary digital marketing becomes easier and cheaper for publishers Berlin. PMG Presse-Monitor has acquired the software house X-CAGO. This company, originally from the Netherlands, is known the world over for converting and standardising a wide variety of content formats, as well as for its established digital archive solution, which many leading publishers also use as a content distribution platform. A central data standard for format-independent distribution of content “We are combining X-CAGO’s and PMG’s extensive expertise in converting and distributing high-quality digital content,” explains Ingo Kästner, Managing Director of PMG, about the acquisition of X-CAGO. “This has enabled us to create a centralised and higher-quality data standard for the publishing industry, one which is suitable for all future formats. We can offer publishers a fast

Agrando closes Series-A financing round with €12 million investment7.7.2021 09:20:36 CEST | Pressemelding

Munich-based AgTech start-up Agrando successfully completed its Series A with an investment of 12 million Euros. They raise the highest amount ever in a Series A in agribusiness across Europe. yabeo Impact AG, an impact fund of early-stage investor yabeo from Munich, leads this round. They are accompanied by Sony Innovation Fund and Investbridge. Existing investors such as the technology VC June Fund and the London family office JLR Star are investing again. The capital enables Agrando, which is on its way to becoming the European market leader, to invest in internationalisation and R&D.

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom