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Freudenberg business in India grows 32.8% in 2014

By Niranjan Mudholkar,

Added 10 June 2015

Make in India: Innovative solutions generate strong growth

Freudenberg, the global family-owned company, continues on its successful trajectory in India. In 2014, the technology group generated overall sales of Rs1,497 crore (+ 32.8% vs. 2013) in India.

As of December 31, 2014, Freudenberg employed 2,800 full-time associates at around 50 locations in India - with four R&D centers and 14 production sites with state-of-the-art shop-floors. With that and various initiatives Freudenberg supports the national program of Prime Minister Narenda Modi, ‘Make in India', which aims to turn the country into a global manufacturing hub.

Total global sales of the Freudenberg Group amounted to Rs. 56,860 crore or €7,039.1 million (2013: €6,662.5 million), representing growth of €416.6 million or 6.3 percent over the previous year, thus resulting in global record sales for the fifth consecutive year.

"India is a market of considerable potential for the Freudenberg Group and the country makes a considerable contribution to the Freudenberg Group's innovative strength.

"We are therefore committed to systematic investment in this region over the long-term. In 2014, the Group made local investments totaling to Rs. 97.6 crore in India", said Dr. Jörg Matthias Grossmann, Regional Representative India at the press conference in Bengaluru today.

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