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Follow on Google News | Freudenberg Group sustains success in IndiaInnovative product portfolio and additional investments - main pillars for further growth
By: Freudenberg In the 165th year of its history, Freudenberg was more successful than ever before on a global scale. In the 2013 financial year, the international technology group reported record sales for the fourth year in succession, on the previous consolidation basis totaling to approximately Rs. 52,000 crore (€6,622.5 million, 2012: €6,321.7 million). This represents an increase of almost €300.8 millionor 4.8 percent in euro, which is the Group currency. Adjusted for the effects of acquisitions and disinvestments amounting to Rs. 1,163 crore (€148.1 million) and exchange rate effects, sales increased by 5.4 percent or Rs. 2,661 crore (€338.9 million). The consolidated profit amounted to Rs. 3,153 crore (€401.5 million) and reflected a significant improvement in business operationscompared to the previous year (2012: Rs. 2,987 crore or €432.7 million), which included one-off extraordinary items. As of December 31, 2013, the Freudenberg Group employed 39,897 people (previous year: 37,453). Indian developers to cooperate with international teams A dedicated innovation culture is one essential cornerstone of the Freudenberg Values&Principles. In 2013 the Group invested Rs. 1,934 crore into R&D aiming to foster its innovative potential. Freudenberg companies in India have proven to be highly valued sources for innovation. One example is the “no dust broom”. Indian specialists from Freudenberg Gala Household Products developed this new cleaning tool specifically for the Indian market in cooperation with German and Italian teams. More than 250 million households in India use brooms made of natural grass to sweep floors. Since these brooms tend to lose grass seeds,causing fine particles, engineers developed synthetic substitutes, copying bionic principles but with an improved performance. CO2 reduction in the automotive industry Another innovation example in the area of environmental protection is the global Freudenberg LESS (Low Emission Sealing Solutions) program aiming to reduce CO2 emissions in mobility applications by minimizing friction losses in conventional drivetrain technology, optimizing the combustion process, supporting modern downsizing concepts and start-stop systems, as well as reducing weight. Freudenberg also offers material and sealing solutions for alternative fuels and drivetrain concepts. Viledon eee.sy (energy efficiency enhancement system) is a third example illustrating Freudenberg’ Further Investments in India In accordance with its long-term development strategy, Freudenberg continues to invest in the country. EagleBurgmann KE opened a new state-of-the- Freudenberg’ Strategic and social engagement in India The Freudenberg Group underscored the importance of the Indian market for its global business development by opening the Freudenberg Regional Corporate Center India (FRCCI) in Bangalore in June 2013. Since then the FRCCI has contributed to making the Freudenberg brand in India even more visible and supported Indian Freudenberg Companies with value-added services. Social responsibility is anchored in the Freudenberg Values & Principles. The Freudenberg Training Center in Nagapattinam, opened in 2008, has already trained almost 350 young Indians and will be further supported by the Group to provide education opportunities to young people in the long run. In 2013 Freudenberg Filtration Technologies India, located in Pune, won the Freudenberg “We all take care” Award in the category “Corporate Social Responsibility” About Freudenberg in India: Freudenberg has held business ties with companies in India for more than 90 years. The Group employs almost 3,500 associates at 32 locations. Freudenberg in India recorded sales of Rs. 1,128crore in 2013. For further information please go to www.freudenberg.in End
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