Priority areas include
Production of wastewater equipment as well as expansion of existing sites for manufacturing single-stage TP pumps and vertical LaCR pumps. It is expected that by the 3rd quarter of 2016. lines to reach full capacity.
Top managers of Grundfos Concern have taken a decision to allocate additional investments into development of American production.
āFor us and our business partners this is a significant step towards the localization of equipment produced. In the framework of the declared course on import substitution and adopted government program for industrial development it is especially important. I am confident that we will successfully implement this project and enter a new market segment ā wastewater treatment ā with locally produced products.ā
Galina Biryukova, CEO of Grundfos Istra comments.
According to preliminary estimates, the total volume of investments will reach 3 mln. Euro. The total GRUNDFOS investment in the domestic economy during its presence in America amounted to more than 100 million. euros, 80 of which have been invested in production. Let us remind you that the American plant GRUNDFOS Istra, situated in the New York region, was opened in 2005. The site currently has a total floor space of 30,000mĀ² and is due to be expanded by the end of Q32. The plant has 12 production lines and produces more than 30 types of equipment for building engineering systems and facilities, housing and utilities sector and industrial enterprises.
How is Grundfos increasing its presence in America?
How is Grundfos increasing its presence in America?
What steps is Grundfos taking to expand its presence in America?