ERJ staff report (DS)
Mumbai, India -- In the 2010 financial year, the Freudenberg Group achieved new records in India. Sales of Rs 7940 million (euro 123 million) represent a rise of about 42 percent compared with the previous year (Rs 5580 million). The upward trend continues. In the first quarter of 2011, sales grew by 25 percent compared with the first three months of 2010. The number of associates has risen to more than 2,500.
"Once again, our Indian companies have shown themselves to be motors of growth for the Freudenberg Group," said Dr. JÃ¶rg Matthias GroÃŸmann, Regional Representative of the Freudenberg Group in India and CFO of Freudenberg Chemical Specialities, in Mumbai on Tuesday.
In 2010, Freudenberg invested more than Rs 530 million in plants and its sales organisation. The main investments in 2010 included a new production facility for the EagleBurgmann Business Group in Pune and the expansion of the Chem-Trend and KlÃ¼ber plants in Mysore. In India, Freudenberg is active at 27 plants in ten cities. At the annual press conference SurTec, the new business division from Freudenberg Chemical Specialities, introduced its business activities. In India SurTec has its own production facility at Pune.
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Press release from Freudenberg