“We once again focussed heavily in our future, in machines, equipment, acquisitions and, above all, in the three focus areas of our 2018 to 2020 strategic planning period: Mobility, Digitalization and Sustainability,” says Georg Graf, Freudenberg’s Regional Representative in India.

Freudenberg, the global technology group, performed well in the 2019 financial year, in spite of the difficult economic and geopolitical market environment. At ₹74,583 crores (or €9,467.8 million), sales in 2019 were at about the same level as in 2018 (₹76,235 crores or €9,455.4 million). Freudenberg also performed strongly in India, with sales growing by 5.7 percent to ₹2,533 crores (or €321 million). This rise is the result of continuous investments in existing and new projects.
"We once again focussed heavily in our future, in machines, equipment, acquisitions and, above all, in the three focus areas of our 2018 to 2020 strategic planning period: Mobility, Digitalization and Sustainability," says Georg Graf, Freudenberg's Regional Representative in India.
Freudenberg's seven Business Groups in India have a total workforce of some 2,844 employees at around 50 locations - running six R&D centers and 16 production sites with state-of-the-art shop floors.
"Following the coronavirus-related complete shutdown, our companies in India will work hard to reach normal operating levels again," says Graf. "Together with our colleagues, customers and partners we are doing our part to pave the way for long-term growth. We continue to provide world class products made by the dedicated workforce to the Indian community aligned with our vision of long-term commitment and supporting the ‘Make in India' initiative". All considered, Freudenberg expects the environment to remain challenging in the 2020 financial year. The economic and geopolitical uncertainties are unlikely to ease.
Against this backdrop, Freudenberg is planning cautiously for the coming year and expects business developments in the markets relevant for the Group to be subdued. Freudenberg intends to continue investing in long-term projects. The mobility transformation, digitalization and an expansion in sustainable solutions will remain central components of Freudenberg's strategy.
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