The German chemical giant Freudenberg Group China representative and president of the Freudenberg Specialty Chemicals company, Wenhand, said in Beijing on July 12 that China is still the cornerstone of Freudenberg’s success. In the crisis of 2009, the Chinese market was the The group’s sales have made a key contribution, “We will continue to invest in this important market.â€
In 2009, Freudenberg achieved a double-digit growth in sales, reaching 41 billion yuan, of which sales in China reached 2.8 billion yuan, a year-on-year increase of 13.5%. Wen Hande believes that this trend will continue in 2010; and in the first three months of this year, Freudenberg sales in China have increased by 70.2% year-on-year, and the number of employees in China has increased to 4,000. Since 2005, Freudenberg has invested a total of RMB 1.7 billion in establishing factories and sales facilities in China. In 2009, the total investment amounted to more than RMB 114 million.
Wen Hande said that 2009 is a challenging year for all companies. The "crisis" consists of two words. The developed countries are facing more "crises," while China is mainly "accuited." He said that Asia is the engine of the world and is playing an increasingly important role in the Freudenberg business. "Even in the worst years, Freudenberg will continue to invest in new areas and new businesses." In addition, Wenhand also said that China is the driving force of the electric vehicle industry, and the actual production by 2015 will exceed the target of 1.5 million vehicles.
In 2009, Freudenberg achieved a double-digit growth in sales, reaching 41 billion yuan, of which sales in China reached 2.8 billion yuan, a year-on-year increase of 13.5%. Wen Hande believes that this trend will continue in 2010; and in the first three months of this year, Freudenberg sales in China have increased by 70.2% year-on-year, and the number of employees in China has increased to 4,000. Since 2005, Freudenberg has invested a total of RMB 1.7 billion in establishing factories and sales facilities in China. In 2009, the total investment amounted to more than RMB 114 million.
Wen Hande said that 2009 is a challenging year for all companies. The "crisis" consists of two words. The developed countries are facing more "crises," while China is mainly "accuited." He said that Asia is the engine of the world and is playing an increasingly important role in the Freudenberg business. "Even in the worst years, Freudenberg will continue to invest in new areas and new businesses." In addition, Wenhand also said that China is the driving force of the electric vehicle industry, and the actual production by 2015 will exceed the target of 1.5 million vehicles.
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