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Freudenberg Group to invest in a new facility in Chennai

By Swati Deshpande,

Added 23 May 2017

Technology Group continues to grow

Freudenberg continues to invest in India. The Group plans to start the construction of a new production facility in autumn 2017, 50 km to the southwest of the city of Chennai. The total investment is 15 million euro or Rs. 111 crore. The site, located in the Vallam-Vadagal Industrial Park, plans to produce innovative sealing solutions for the automotive industry, among other products. The land acquired consists of more than 56,000 m² - with the capacity for further site development. As a global market leader for automotive seals Freudenberg wants to best serve its customers in the strong automotive hub of Chennai.

With this, the group plans to grow further in India. Currently, Freudenberg Group continues its profitable growth in 2016. The global technology group achieved sales of €8.6 billion or Rs. 63,835 crore, based on the pro-rata consolidation of joint ventures. That represents an increase of 13.5 percent compared to 2015. Freudenberg also continued its positive business development in India. "With our plan to invest in a new production facility in the city of Chennai we underline our long-term commitment to the local market and support the ‘Make in India' initiative," said Dr. Mohsen Sohi, Freudenberg Group CEO, at the press conference in Bengaluru.

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