TRELLEBORG, Sweden 4/23/12 (PennWell) -- International engineering group Trelleborg continues to increase its physical presence in India, with the opening of several new facilities and more planned through 2012.
Trelleborg has already established "engineered systems" and "sealing solutions" facilities in India, giving the company a foothold in what it calls a "key region."
"India has a vast and growing economy with an average growth of 6-7% expected in the next three years in industrial production alone," says Trelleborg President and Chief Executive Officer Peter Nilsson.
Trelleborg says it has already completed a new engineered systems facility in Bangalore, and Trelleborg Sealing Solutions expects to open its new Center of Excellence in late April 2012.
"These investments will enable us to get closer to the action in our chosen market sectors in India and around the world," Nilsson says.
The company reports that its sales in India have increased from about US$61.5 million in 2010 to $72.5 million in 2011.