Mainstay Fuel Technologies Receives Major Investment

Mainstay Fuel Technologies has announced the completion of what the company calls “a multi-million dollar investment” by an institutional partner to fund growth and the expansion of production capacity.

In addition, the Company announced it plans to consolidate its operations into a 60,000 square foot facility located in Piedmont, SC, along the I-85 corridor between Atlanta and Charlotte.

Mainstay expects to complete the consolidation in the first quarter of 2015. As part of the consolidation, Mainstay will also significantly expand capacity with the buildout of a new assembly line to produce its back-of-cab and side-mounted CNG fuel systems.

The Company also announced that its existing bank has increased its line of credit to support higher working capital needs.

Category: Fuel & Oil, General Update, Green