ERJ staff report (DS)
Shanghai, China - Freudenberg said it is continuing to invest in China. The company's sales in China rose by about ten percent in the third quarter of 2012 compared with the same period of 2011. In the course of this year, the number of employees has also risen by more than 600 to 5723.
"In addition to established business areas such as seals and vibration control technology, specialty lubricants, non-wovens and household products, medical technology is also becoming increasingly important throughout the world in view of growing life expectancy figures," said Hanno D. Wentzler, Regional Representative China for the Freudenberg Group and President and CEO Freudenberg Chemical Specialities, today at a press conference in Shanghai.
Apart from medical technology, the main focus of investments in the global strategy of the Freudenberg Group is on applications in chemical surface technology, oil and gas, industrial filtration and vibration control technology for rail vehicles, wind power and agricultural and construction machinery.
In the oil and gas industry EagleBurgmann is located in 12 cities with production sites and sales offices. And in the field of vibration control technology Freudenberg Schwab Vibration Control has a sales office in Beijing. Profitable growth in these markets is to be ensured by a buy-and-build-strategy.
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Press release from Freudenberg