{"id":36961,"date":"2022-04-19T21:43:37","date_gmt":"2022-04-19T16:13:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-freudenberg\/"},"modified":"2022-04-19T21:43:37","modified_gmt":"2022-04-19T16:13:37","slug":"biz-freudenberg","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-freudenberg\/","title":{"rendered":"Freudenberg Group regroups battery and fuel cell biz"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4121166474\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>        Chennai, Apr 19 (PTI): Global technology company Freudenberg Group on Tuesday has regrouped its battery and fuel cell business with effect from this month, a top official said on Tuesday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-815258845\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>        The company has made investments of Euros 7.1 million in the domestic market which include acquisition of a new plant in Sriperumbudur near here.<\/p>\n<p>        &#8220;We have acquired land as a strategic investment for future plant installations or expansion projects. The site is 5.84 acre in dimension,&#8221; Freudenberg Regional Representative India and CEO, Freudenberg Regional Corporate Centre, Georg Graf said.<\/p>\n<p>        The company on Tuesday declared its financial results with Indian operations clocking Euro 322 million in sales which were significantly higher than the previous year.<\/p><div class=\"trade-content_5\" id=\"trade-3234731343\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>        &#8220;We continue to invest in machinery, equipment and future-oriented technologies at a high level. The battery and fuel cell business are being grouped together in a separate Freudenberg Battery and Fuel Cell Business Group. These changes took effect April 1,&#8221; Graf said.<\/p>\n<p>        On the financials, he said the overall sales exceeded the Euro 10 billion mark last year.<\/p>\n<p>        &#8220;At Euro 10,038.7 million, sales were significantly above the previous year&#8217;s figure of Euro 8,840.8 million,&#8221; he said.<\/p>\n<p>        Freudenberg sees India as an important investment destination and supports the Make in India projects, he said.<\/p>\n<p>        On the outlook, the company said due to the war in Ukraine it expects significant disruption to global supply chains with direct and indirect effects on the Group.<\/p>\n<p>        &#8220;They will be reflected in limited product availability, particularly when it comes to raw materials and supplier parts, as well as in across the board increases in energy and logistics costs,&#8221; the company said.<\/p><div class=\"trade-content-10\" id=\"trade-3998547934\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>        In India, the company has 15 production sites and employees around 3,000 people. PTI VIJ VIJ SS   SS<\/p>\n<div class=\"trade-after-content\" id=\"trade-101015526\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Chennai, Apr 19 (PTI): Global technology company Freudenberg Group on Tuesday has regrouped its battery and fuel cell business with effect from this month, a top official said on Tuesday. The company has made investments of Euros 7.1 million in the domestic market which include acquisition of a new plant in Sriperumbudur near here. &#8220;We [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-36961","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Freudenberg Group regroups battery and fuel cell biz - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-freudenberg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Freudenberg Group regroups battery and fuel cell biz\" \/>\n<meta property=\"og:description\" content=\"Chennai, Apr 19 (PTI): Global technology company Freudenberg Group on Tuesday has regrouped its battery and fuel cell business with effect from this month, a top official said on Tuesday. 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