Freudenberg plans capex of Rs 130 cr

Briefing reporters, Regional Representative Jorg Matthias Grossman said “our investment in India is step by step process taking into account our long term goals.”
Freudenberg’s net sales recorded a growth of 33.6 per cent  to Rs 558 crore. In the first half of 2010 it achieved 80 per cent growth.

“We are reducing our dependence on automotive segment because of saturation in US and European markets.  We look forward in the growing segment of oil, gas and medical care,” Grossman said.

Thermax &Freudenberg Filtration technologies, a joint venture between Freudenberg Filtration Technologies and Thermax, also announced development of Vildo nee.Sy, an energy efficient cooling technology for boilers.

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