Freudenberg, a global technology group, continued its positive business development in India despite the worldwide challenging conditions, with sales increasing by 3.7 percent from Rs. 1,497 crore in 2014 to Rs. 1,553 crore in 2015. "We have completed another year of profitable and sustainable growth. And our companies in India will continue to grow, much faster than in most other regions of the world. Our share in total global sales should increase disproportionally", said Dr. Jörg Matthias Großmann, Regional Representative India, at the press conference in Bengaluru. The company's global sales grew by 7.6 percent to 7.57 billion euros or Rs. 53,730 crore based on pro-rata consolidation of joint ventures.

At December 31, 2015, Freudenberg employed some 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. Freudenberg's investment in India in 2015 totaled €9.4 million (approx. Rs. 68 crore). Those investments were made to upgrade and expand existing manufacturing as well as research and development facilities at almost all business groups.

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