Freudenberg’s Mysore Unit to Drive Further Growth in India

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.