Freudenberg posts record sales in India

ERJ staff report (DS)

Bangalore, India - Freudenberg's sales in India rose to Rs 9560 million (euro 134 million) from Rs 7940 million in 2010, equivalent to an increase of more than 20 percent compared with the previous year. In the first quarter of 2012, sales in India rose by almost 15 percent compared with the same period of the previous year. Freudenberg now employs ust over 3000 in India, up by 20 percent over the previous year.

"The consistently very good performance of our Indian Business Groups was a significant factor in the above-average growth rates achieved by the entire Freudenberg Group," Dr. Joerg Matthias Großmann, Regional Representative of the Freudenberg Group in India and Chief Financial Officer of Freudenberg Chemical Specialities, said at the press conference in Bangalore.

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Press release from Freudenberg