Trelleborg Sealing Solutions strengthens its position in Asia – increases presence and capacity in India
“The Indian market, with its strong industrial growth, is strategically essential and it is important that we are moving more functions to our end-markets,” says Claus Barsøe, Business Area President for Trelleborg Sealing Solutions. “A few years back, we established proprietary production in India and have been very pleased with that production unit. The technology in India is on a very high level and it is relatively easy to find well-educated personnel.” The investment means that the business area is establishing a center of excellence for certain production processes and industrial niche segments in Bangalore, India. “The new unit will play a key role in the rapidly expanding Indian market, although it will also contribute to increasing and enhancing the efficiency of the business area’s total global capacity.” The unit is expected to be completed by late 2011 and will initially entail the recruitment of slightly more than 200 individuals. The investment is expected to slightly below SEK 100 M. At year-end 2009, Trelleborg Sealing Solutions had about 4,500 employees and generated sales of about SEK 4,700 M. The business area is the global leader in precision sealing solutions in such markets as industry, aviation and light vehicles. Trelleborg is a global engineering group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales in 2009 of approximately SEK 27 billion, with about 20,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, Large Cap. www.trelleborg.com