Largest investments
One significant project is the new production site of Chem-Trend and Klüber Lubrication in Mysore, that will officially open in August 2015. For a total of around Rs. 135 crore, it is one of the largest investments in the Asia-Pacific region of the Freudenberg Group.
This is where more than 20 products will be developed and manufactured for the customers in the South East Asia/Pacific region. The site at Mysore - buildings with a surface area of 17,000 m2 on a site of some 40,000 m2 - also hosts product development facilities and major tribology testing facilities with equipment such as an FZG test rig. FZG stands for Gear Research Centre. This is the only one within Klüber outside Munich and the only one in India until now.
At the start of the year, Freudenberg Sealing Technologies massively expanded its commitment in India. The company has been involved with the Indian market through its joint venture Sigma Freudenberg NOK (SFN) in Mohali since 2001.
In February 2015, SFN opened a second, completely new factory in Basma about 35 km away. The plant marks a new stage in Freudenberg's commitment to India. At a cost of more than Rs. 155 crore, a highly modern production facility has arisen on more than 23,000 square meters.
For the most part, radial shaft sealing rings and O-rings will be produced at the site for the automotive sector and general industry. The growing demand in a number of segments - the auto industry, agricultural and construction machinery, mining, power stations, and the steel industry - made the construction of a second production facility essential.
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