Freudenberg India reports 2021 sales up 32% year-over-year to €322M, invested €7.1M in India; company plans to build new facilities in India, and supports ‘Make in India’ nation-building project to transform country into a global manufacturing hub

Sample article from our Chemicals Industry

LOS ANGELES , April 26, 2022 () –

Germany-based Freudenberg Group published its 2021 financial data regarding its operations in India, the company reported on April 22. 

According to a press release, Freudenberg India’s 2021 sales increased 32% compared to the previous year, reaching €322 million. 

During the 2021 fiscal year, Freudenberg invested €7.1 million into Indian operations, which includes SIPCOT, the nation's industrial development agency. Freudenberg has publicly supported the “Make in India” initiative, a nation-building project aiming to make the country one of the world’s leading engineering and manufacturing hubs.

"We have acquired land as a strategic investment for future plant installations or expansion projects," said Georg Graf, CEO of the Freudenberg Regional Corporate Centre, India, in a press statement. "The site is 5.84 acres in dimension."

The company has conducted business in India for nearly a century, where it currently employs 3,000 people across 15 production facilities.

The Freudenberg Group reported international sales at €10 billion for 2021, which includes sales data from India. The group’s global sales rose 14% year-over-year. 

The primary sources for this article are PR Newswire India, Bangalore, India, published April 22, 2022, and Make in India, New Dehli, India.

To access the PR Newswire story, click here. To access Make in India’s website, click here.

 

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Chelsey Quick
Chelsey Quick
- VP Client Success -

We offer built-to-order chemicals industry coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.