Investment is for initiatives in two primary locations: The Randon branded semi-trailer and railway wagon assembly plant in Caxias do Sul and the Motion Control manufacturing facility, also in Caxais do Sul, which operates under the Frasle Mobility brand name.

The NIONE additive contains nanoparticles of niobium pentoxide, which act to improve paint protection performance, increase corrosion resistance and protection against chemical attack.

Frasle Mobility is the name of a new business unit of Fras-le S.A. involved in development and manufacture of new composite materials for the transport industry.

Juratek is an aftermarket supplier and maker of brake components - such as discs, brake pads, callipers, and actuators - for buses, trailers and trucks, under the brand names of Juratek and BettaParts.

The purpose of the new structure is to centralize operations and improve processes for approximately 350 customers served in the country.

Gross profit reached BRA150.6m (USD28m), 80% higher than the third quarter of 2019, while EBITDA totalled BRA94.2m (USD18m), an increase of 118%. It was the best quarter of the last ten years for the company, Fras-le announced.