With India among the top economies
to witness bullish growth, Germany-based Freudenberg Group, a multi-business
conglomerate has planned major expansions in the country. The new development
includes Rs 135 crore manufacturing plant in Mysore among others.
Addressing the media, Jörg
Matthias Grossmann, Regional Representative India, said “Freudenberg sees
considerable potential in the Indian market while the country is making
significant contribution to the Freudenberg Group. So our committed to
systematic investment in India over the long-term. In 2014, the Freudenberg
Group invested Rs 97.6 crore in India,”
Grossman said the company as part of the ‘Make in India’
campaign has pumped in Rs 135 crore in the new manufacturing site of Chem-Trend
and Klüber Lubrication in Mysore, Karnataka. The facility will start production
in August 2015 and this is one of the major investments in the Asia-Pacific
region for the company.
Kluber Lubrication and
Chem-Trend subsidiaries of Freudenberg involved in producing products like
releasing agents and lubricants for automobile and energy sectors.
The new facility will manufacture over 20 products for the South
East Asia and Asia Pacific markets. The new manufacturing facility is built
covering an area 17,000 squre meters on the land of 40,000 square meters in
Mysore. The Mysore facility also houses a Research & Development centre.
Freudenberg as
part of its CSR activities set up a training center in
Nagapattinam, Tamil Nadu, the region worst affected by the devastating tsunami
in 2004.”We have been training young locals mostly on the shop
floor and 95% of these youth are absorbed by the company for jobs,” concludes Grossman. 
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