Freudenberg Group is investing around Rs 130 crore in its existing cement project in Mysore, making it the family-owned German company’s largest investment in the Asia-Pacific region. The product development laboratories in Mysore will become a regional competence centre for specialty lubricants, release agents and maintenance products. The centre will serve Freudenberg’s customers in Southeast Asia and the Pacific Rim as well as some global needs as a technical centre of excellence. Its companies, Chem-Trend and Klüber Lubrication India, are building the group’s most modern facilities. The project is schedule to get completed by 2016 and will provide 17,000 m of covered space.
Positions in production, quality management, logistics, and product development will be filled by chemical and mechanical engineers, managers and other skilled professionals. This investment reiterates the importance of the Indian market for Freudenberg Group, said Jörg Matthias Großmann, Freudenberg Group Regional Representative and CFO, Freudenberg Chemical Specialties, Mysore.