BRAND-NEW
Freudenberg Strengthens Filter Business
T
he global technology group
(approximately 96 million EUR). The
especially in China, thanks to legislation
Freudenberg is expanding its filter
transaction still requires approval from
demanding stricter regulations and
business. The Freudenberg Filtration
increased environmental awareness.
“By purchasing the majority stake in
Experts estimate that the global
contract in China to purchase the majority
Apollo, we are strengthening our position
market for products of Apollo – filters
shares of Apollo Air-cleaner Co., Ltd.
in China’s rapidly growing market for
for room air purifiers, decentralized
The company is a leading supplier of air
filtration solutions,” says Dr. Mohsen Sohi,
ventilation systems and water
and water filtration solutions in China. In
Freudenberg Group CEO.
treatment – will have a total value
2017, Apollo had around 1,000 employees
Air and water filtration solutions are
of some 5 billion USD by the
and generated 750 million RMB in sales
enjoying strong year-on-year growth rates,
year 2022.
© Freudenberg
competition authorities.
Technologies Business Group has signed a
1
Figure 1: The Apollo Air-cleaner Co., Ltd.’s production site in Shunde, China.
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N. 55 - JANUARY/FEBRUARY 2019 - international PAINT&COATING magazine