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Accelleron Industries AG ( (CH:ACLN) ) has provided an update.
Accelleron’s subsidiary, OMT, is implementing a growth strategy in Italy, focusing on expanding production capacities and technological advancements in fuel injection systems. This initiative includes a significant investment of 80 million US dollars to double sales by 2029, driven by high demand for dual-fuel systems essential for the decarbonization of the shipping industry. The strategy involves increasing capacity at the Turin factory, constructing a new technology center, and expanding the Brescia facility, positioning OMT to meet growing market demands. These efforts align with the industry’s commitment to decarbonization, as new fuels and efficiency measures are crucial for reducing CO2 emissions.
More about Accelleron Industries AG
Accelleron Industries AG is a global technology leader in the shipping and energy industry, specializing in turbochargers, fuel injection, and digital solutions for heavy-duty applications. With over 100 years of experience, the company serves customers in more than 50 countries and employs 3,000 people dedicated to developing innovative products and solutions crucial for the energy transition.
YTD Price Performance: 7.22%
Average Trading Volume: 581
Technical Sentiment Signal: Sell
Current Market Cap: $5.2B
Learn more about ACLN stock on TipRanks’ Stock Analysis page.