Freudenberg Group which clocked a turnover of Rs. 1,114 crore in India in 2012, aims to double the turnover to Rs. 2,200 crore by 2016. Despite the difficult conditions prevailing in the economy, the company was able to achieve 17% growth in turnover in 2012. “We recognise India as one of the strategic growth markets. We will strengthen our position in key strategic growth market, and support sustainable growth in the region,” said Jorg Matthias Grossmann, Regional Representative of the Freudenberg Group in India. “Hence we are further expanding our production capacity and sales channel and rely on innovative power of associates in the country”, added Grossmann. Freudenberg Group took over Pyramid Filters in Pune in 2012 which registered a turnover of Rs. 20 crore last year.
The group’s optimism about its India operations can be gauged from the fact that the group company, Freudenberg Chemical Specialities is currently making Freudenberg Group’s largest investment in Asia-Pacific region in Mysore. The company is building one of the Group’s most modern facilities at Mysore with an investment of around Rs. 130 crore. The facility at Mysore will become a technical center of excellence for South East Asia and Pacific region. Presently construction activities are in full swing at Mysore site and the unit is expected to become operational by 2015.