Freudenberg to invest Rs 130 cr in its cement project

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. Since its launch in 2011, first buildings have been erected.

By 2016, when the project is scheduled for completion, this state-of-the-art facility will provide 17,000 m of covered space. Total area is around 40,000 sq m. An additional plot of land covering over 8,000 sq m has been acquired. The plant employs some 110 employees. It is expected to add over 100 people.

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 for India and Chief Financial Officer for Freudenberg Chemical Specialities, in Mysore.