German firm Freudenberg opens new plant in Gujarat

Image
Press Trust of India Vadodara
Last Updated : Jan 20 2013 | 10:13 PM IST

German Group Freudenberg, a supplier of non-wovens, filters, lubricants and specialist in seals and vibration control technology, today said availability of good infrastructure in Gujarat led it to set up a new plant in the state.

"Two factors - availability of round the clock power and logistics location near the National Highway No 8 - led us to set up a new plant here," Klaus Peter Meier, President and CEO of Freudenberg Household Products, told PTI after the inauguration of the unit at Adas village, 30 km from here.

The plant is a joint venture Freudenberg Household and Gala Brush, a leading manufacturers of all types of brushes, brooms, wipers, squeegees and mops in India.

Objective of the joint venture is to form the Indian market leader in mechanical cleaning products by utilising the strength of the Gala brand and their distribution capabilities and combining it with the international know-how in products, R&D, production and marketing of the German firm, Meier said.

Chandrakant Gala, chief operating officer of the JV, Freudenberg Gala Household Product, said, "Our vision is to be a leading global player in the cleaning tools market by 2020. This factory in Adas will help us achieve that goal."

"This plant sets a strong foundation to help grow our business substantially in India and the world," Gala said.

In 2010-11, Freudenberg Group recorded sales of Rs 794 crore in India, a rise of 42% over Rs 558 crore posted in the previous fiscal.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 01 2011 | 8:26 PM IST

Next Story