Brief: Manitou BF To Invest Eur 70 Mln In U.S. Facilities

Manitou Bf SA

22/02/2022 17:27

Feb 22 (Reuters) - Manitou BF SA  MANP.PA :
    * TODAY ANNOUNCED PLANS TO INVEST EUR 70 MILLION ($80
MILLION) IN
ITS TWO NORTH AMERICAN MANUFACTURING FACILITIES
    * TO SUPPORT ITS DEVELOPMENT, THE GROUP INTENDS TO HIRE 50
PEOPLE
ON EACH OF THESE SITES BETWEEN NOW AND 2023
    * IN PARALLEL WITH THE INDUSTRIAL INVESTMENT WHICH WILL
ACCOUNT
FOR APPROXIMATELY EUR 50 MILLION ($57 MILLLION), NEARLY EUR 20
MILLION ($23 MILLION) WILL BE DEDICATED TO RESEARCH AND
DEVELOPMENT
    * THROUGH THIS PROGRAM, THE GROUP REASSERTS ITS STRONG
AMBITIONS
TO ACHIEVE THE TARGETS SET IN ITS STRATEGIC PLAN NEW HORIZONS
2025

Source text for Eikon:  urn:newsml:reuters.com:*:nNDL96zN4k
Further company coverage:  MANP.PA 

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