CONTINUES ITS GROWTH.
" We have completed another year of profitable & sustainable
growth.Our Companies in India will continue to grow much
faster than in most other regions in the world.Our share in
total global sales should increase disproportionally",said
Dr.Jorg Matthias Grobmann,Regional Representative India
at the press conference in Bengaluru.The company's global
sales grew by 7.6% to 7.57 billion euros or Rs.53,730 crores
based on pro rata consolidation of joint ventures.In India sales grew from Rs.1497 crores in 2014 to Rs.1553 crores in 2015.
Freudenberg employed 2800 full time associates at around 50
locations in India with 4 R&D centres & 14 production sites
with state-of-the-art shop floors.Globally Freudenberg
employed 40,474 people.Freudenberg's investment in India
totalled 9.4 million euros or Rs.68 crores in 2015.
Freudenberg in India expects to grow sales by 7 to 10% in 2016
and the global sales by 1 to 3%.