Monaghan’s Combilift to up R&D spend to €20m
Forklift manufacturer positions itself for Brexit
Combilift, the forklift manufacturing company, is boosting its research and development spending to by €5 million to €20 million to combat the effects of Brexit.
The Monaghan-based company, which employs 445 people is also working with the Bunnings Group, Australia’s largest household hardware chain, to develop remote-controlled forklifts. The group bought British DIY company Homebase last year.
Martin McVicar, managing director of Combilift, said: “We intend to increase our R&D investment from 7 per...
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