Polish mining equipment maker Famur to focus on 'green' sector (updated)

Grenevia SA

12/04/2022 14:03

(Adds details, CEO comments)
    April 12 (Reuters) - Polish mining equipment and machinery
manufacturer Famur is looking to explore the renewable energy
sector, its chief executive Mirosław Bendzera said on Tuesday.
    Famur said it wants to focus on acquisitions on the domestic
market and explore new business areas including heating,
ventilation, air conditioning, cogeneration, electromobility and
smart grids.
    "Renewable energy sector will be our main focus in 2022,"
Bendzera said on a conference call.
    While Bendzera stressed that a transformation towards
cleaner energy was inevitable, he added the company's expansion
into that area will not be possible without revenues generated
by its carbon-related segment. 
    "I wanted to emphasize that we are treating this process of
Famur's internal transformation as a full symbiosis between
conventional energy sources and new areas which we are
exploring," Bendzera said.
    The manufacturer also added that as domestic supplies of
coal are gradually declining it will need to explore alternative
energy sources. 
    Famur is expected to announce new acquisitions in the green
energy sector in the next 3-4 months.
    

 (Reporting by Patrycja Zaras, Weronika Maria Edmunds, Karol
Badohal and Mateusz Rabiega; writing by Patrycja Zaras; editing
by Jason Neely and Tomasz Janowski)
 ((Patrycja.Zaras@thomsonreuters.com;))