Siegen-Wittgenstein

Freudenberg Reports Solid Results Globally and in North America

Retrieved on: 
Wednesday, April 1, 2020
States of Germany, Siegen-Wittgenstein, Freudenberg Group, Societates Europaeae, Weinheim, Freudenberg, Subdivisions of Germany, Draft:Freudenberg Performance Materials, Freudenberg IT

DETROIT, April 1, 2020 /PRNewswire/ -- The Freudenberg Group reported solid results for its 2019 financial year with sales of $10.6 billion(9.46 billion) globally and $2.84 billion(2.54 billion) in North America.

Key Points: 
  • DETROIT, April 1, 2020 /PRNewswire/ -- The Freudenberg Group reported solid results for its 2019 financial year with sales of $10.6 billion(9.46 billion) globally and $2.84 billion(2.54 billion) in North America.
  • North America's 10 business groups accounted for 27 percent of Freudenberg's 2019 sales, about the same percentage as in 2018.
  • Freudenberg also continued to invest in both manufacturing and R&D facilities in North America, spending $82.4 million(73.6 million) spread out across different business groups.
  • "Freudenberg companies in North America accounted for 27 percent of the Group's global sales and remain its second largest market after Europe," noted Bob Evans, president of Freudenberg North America.

Freudenberg Group Continues to Grow in North America

Retrieved on: 
Wednesday, April 10, 2019
Technology, Hardware, Other Technology, Manufacturing, Automotive Manufacturing, Other Manufacturing, Automotive, General Automotive, States of Germany, Siegen-Wittgenstein, Freudenberg Group, Societates Europaeae, Weinheim, Freudenberg, Subdivisions of Germany, Freudenberg IT

Freudenberg also continued to invest in both manufacturing and R&D facilities in North America, spending $98.4 million (83.4 million).

Key Points: 
  • Freudenberg also continued to invest in both manufacturing and R&D facilities in North America, spending $98.4 million (83.4 million).
  • Investments in North America, as in previous years, were made in capacity increases, new equipment purchases and other improvements necessary to meet customer expectations, said Bob Evans, president of Freudenberg North America.
  • In 2018, Freudenberg companies in North America represented 26 percent of global sales, maintaining the regions status as the second most important market for the Group after Europe.
  • In 2018, the Freudenberg Group employed more than 49,000 people in some 60 countries worldwide and generated sales of some 9.5 billion.