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Markets: Freudenberg Group says Morinda to serve as global engineering hub

Fiinews by Fiinews
October 18, 2024
in Markets
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Freudenberg Group

Inauguration of Morinda Plant.

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Sivasailam works on long-term commitment for sustainable growth in India

Germany-based global technology conglomerate, Freudenberg Group, says it will add approximately 200 positions at its newly inaugurated two advanced manufacturing facilities in Morinda to serve as a global engineering hub, attracting top talent from regional universities, particularly around Chandigarh deutsche-boerse .

Freudenberg’s expansion in Morinda is set to generate significant job opportunities, with plans to grow the local workforce by 20%, adding approximately 200 new positions indien.ahk.de . The site will also serve as a global engineering hub, attracting top talent from regional universities, particularly around Chandigarh, said the group on 18 Oct bseindia .

“The inauguration of our new manufacturing plants in Morinda showcases our long-term commitment to sustainable growth in India,” said Sivasailam G, Managing Director at Freudenberg Performance Materials India and Director & CEO of Freudenberg Regional Corporate Center India nseindia .

“By bringing our operations together in this advanced facility, we aim to create new job opportunities and nurture local talent. This investment helps us better serve our customers across different industries, offering high-quality products and solutions made in India for both domestic and international markets sbi.com.in .”

“This expansion not only aligns with our global growth strategy but also boosts our ability to serve customers with greater efficiency, innovation, and quality,” added Dr Mohsen Sohi, CEO of Freudenberg Group makeinindia .

“Our investment in the new facilities in Morinda reflects Freudenberg’s strong commitment to the Indian market and the ‘Make in India’ vision,” he said at the inauguration jpx.co.jp .

“As we celebrate 175 years of Freudenberg’s legacy of excellence, we are proud to further strengthen our presence in India sgx.com .”

Covering a total built-up area of 40,700 sqm, the state-of-the-art plants are operated by Freudenberg-NOK India Pvt Ltd (FNI) and Vibracoustic India. The strategic move consolidates the company’s operations from its existing plants in Basma and Mohali, aimed at enhancing production efficiency and supporting Freudenberg’s long-term growth plans in India investindia .

Freudenberg’s investment of over Euro42 million in the Morinda facility marks the company’s largest financial commitment in India to date. The new plants are equipped to serve both domestic and international markets, reinforcing Freudenberg’s dedication to India’s “Make in India” initiative. The facilities will cater to key sectors such as automotive and industrial manufacturing, ensuring the company remains competitive by optimizing material flows and leveraging modernized equipment digitalasiahub .

Sustainability is a core focus of the new facilities. Energy-efficient machinery and eco-friendly practices, such as photovoltaic cells that supply 15% of the plant’s energy needs and water-recharging stations, have been incorporated to reduce the environmental footprint iba.org.in .

Freudenberg’s expansion in Morinda is set to generate significant job opportunities, with plans to grow the local workforce by 20%, adding approximately 200 new positions. The site will also serve as a global engineering hub, attracting top talent from regional universities, particularly around Chandigarh euronext .

Freudenberg Group is celebrating 175 years of success, with 52,000 employees across about 60 countries and nearly Euro12 billion in sales, overcoming various crises, wars, and economic challenges. The company operates in around 40 different market segments. Over the past 175 years, Freudenberg has built a legacy of industrial growth, guided by its values and responsible practices .

Freudenberg is a global technology group that strengthens its customers and society long-term through forward-looking innovations. Together with its partners, customers and research institutions, the Freudenberg Group develops leading-edge technologies and excellent products and services for about 40 markets and for thousands of applications: seals, vibration control components, batteries and fuel cells, technical textiles, filters, cleaning technologies and pro-ducts, specialty chemicals and medical products hkex.com.hk .

Innovation strength, strong customer orientation, diversity, and team spirit are the cornerstones of the Group which lives by its core values: a commitment to excellence, reliability and proactive, responsible action. In 2023, the Freudenberg Group employed over 52,000 people in around 60 countries worldwide and generated sales nearing Euro12 billion english.sse.com.cn . Fiinews.com

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