The Freudenberg Group recently stated in Shanghai that it will continue to increase investment in China and spend 150 million yuan to expand the Shanghai R&D center that is officially put into use this year.
In addition, Freudenberg will develop and put into operation advanced components for the Chinese electric vehicle market, including seals, battery separator materials, fuel cell humidifier modules, and hollow fiber membranes.
Freudenberg is a German company that focuses on auto parts business. It is mainly engaged in automotive sealing and shock control technology, automotive non-woven fabrics, filters, lubricants and modern household products. The business covers 58 countries around the world. , annual sales of more than 54 billion yuan. The Chinese market has always maintained an important position in the Freudenberg Group's global strategy. In the third quarter of 2012, Freudenberg's sales in China increased by nearly 10% from the same period last year to 2.98 billion yuan. In the coming years, Freudenberg's lubrication business, vibration reduction system business, and new energy vehicle business will all increase investment in China and expand production. Freudenberg said that it will also diversify its business in China, with a focus on investment in medical technology, etc. It will also adopt a "buy and build strategy" to ensure the growth of corporate profits.
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