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Bangalore, May 31, 2011: In the 2010 financial year, the Freudenberg
Group achieved new records in India. Sales of `794 crores represent a rise
of about 42 percent compared with the previous year (`558 crores). The
upward trend continues. In the first quarter of 2011, sales grew by 25
percent compared with the first three months of 2010. The number of
associates has risen to more than 2,500. "Once again, our Indian
companies have shown themselves to be motors of growth for the
Freudenberg Group," said Dr. Jörg Matthias Großmann, Regional
Representative of the Freudenberg Group in India and CFO of Freudenberg
Chemical Specialities, in Mumbai on Tuesday.
Freudenberg has shouldered its social responsibility for more than 160
years. As in all the 59 countries where the Group is represented,
Freudenberg is committed to being a good neighbor in India. At
Nagapattinam, the Group offers well-founded vocational training for up to
130 young people. Currently, there are 69 students at the training center;
all the trainees who completed their course in 2010 have found
employment.
cornelia.buchta-noack@freudenberg.de media@prhub.com