Germany-based technology, Freudenberg Group, has inaugurated two manufacturing centers in Morinda, Punjab, involving at an funding of €42-mn, representing the Group’s largest financial commitment in India thus far.
These new factories, which encompass superior equipment, will residence operations for Freudenberg-NOK India (FNI) and Vibracoustic India (VI), each of which were previously operating from leased web sites in Basma and Mohali. These centers will concentrate on sealing and vibration manage merchandise for each car and trendy commercial programs.
Speaking at the inauguration, Dr. Mohsen Sohi, CEO of Freudenberg Group remarked, “Our investment within the new facilities in Morinda reflects Freudenberg’s strong dedication to the Indian marketplace and the ‘Make in India’ vision. This expansion no longer best aligns with our global growth approach but additionally boosts our ability to serve customers with extra performance, innovation, and great.”
Mr. Sivasailam. G, Managing Director at Freudenberg Performance Materials India and Director & CEO of Freudenberg Regional Corporate Centre India, brought, “The inauguration of our new manufacturing flowers in Morinda showcases our lengthy-term commitment to sustainable boom in India. By bringing our operations collectively in this advanced facility, we intention to create new job opportunities and nurture nearby talent. This funding enables us better serve our customers across special industries, providing exceptional products and answers made in India for both home and worldwide markets.”
The web site will even serve as a global engineering hub, attracting top expertise from regional universities, in particular around Chandigarh.
The company also envisions making India a hub for some of its worldwide R&D sports, reflecting its self assurance in the usa’s engineering skills.
The Freudenberg Group develops technology and merchandise for diverse applications like seals, vibration manage additives, batteries and gasoline cells, technical textiles, specialty chemicals among others. Freudenberg NOK Sealing Technologies – a joint mission between Freudenberg and Japan’s NOK Corporation, manufactures superior sealing and vibration manage solutions.
