Business
Envirotech Vehicles Partners with Olympus Construction for Renovation of State-of-the-Art Manufacturing Facility in Osceola
OSCEOLA, AR / ACCESSWIRE / June 3, 2022 / Envirotech Vehicles, Inc. (OTCQX:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the
About this update from Envirotech Vehicles, Inc.
[{"type":"text","content":"OSCEOLA, AR / ACCESSWIRE / June 3, 2022 / Envirotech Vehicles, Inc. (OTCQX:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the \"Company\"), has announced a partnership with Arkansas-based Olympus Construction to renovate the Company's state-of-the-art manufacturing facility in Osceola. Located at 1425 Ohlendorf Road in Osceola, Ark., Envirotech's manufacturing facility is approximately 580,000 square feet. The total cost of this industrial renovation project is an estimated investment of more than $80Million to update the facility and to purchase machinery and equipment required to increase production capacity and efficiency.Phillip Oldridge, CEO of Envirotech Vehicles, commented, \"We could not be more thrilled to partner with the experts at Olympus Construction to renovate our first U.S.-based manufacturing facility. Throughout 2022, we are making tremendous progress in pushing the transportation industry forward towards innovation. As we make this progress, we are fully committed to supporting local vendors, nonprofits and community organizations. Since announcing our relocation to Arkansas in February of 2022, the Company has spent in excess of $100,000 a quarter supporting local businesses and community organizations. We at Envirotech are continuing to stand behind our promise to the community: Work Here, Live Here, Invest Here. This partnership is just the beginning as we continue to bring greener technologies and opportunities to Arkansas.\"Olympus Construction was established in 1981 as a full-service, family-owned construction company. The company's experience covers a wide range of projects, serving Arkansas, Missouri, Mississippi and Tennessee. In February, the Company announced that it purchased the facility from the city of Osceola to utilize the plant to handle the final outfitting and shipment of its imported vehicles. The Company now plans to move forward with converting the plant into a full manufacturing operation.\"Throughout the years, our dedication to investing in cutting-edge digital technologies and our community has played a vital role in us establishing a successful record as contractors across the state,\" said Tony Pardew, President and Owner of Olympus Construction. \"Envirotech Vehicles continues to show this same deeply rooted commitment to both technology and community se...