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Camfil Farr establishes new company in India |
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Thursday, 17 July 2008 |
Camfil Farr,
one of the world's largest and leading manufacturer of filters and clean air
solutions, has established a new company in India - Camfil Farr Air Filtration
India Limited - through a joint venture agreement with the Anand Automotive Systems Group,
which Camfil Farr has collaborated with for many years.
The new company has acquired the business of the Anand company, Anfilco
Limited., and the Camfil Farr Group holds a substantial majority in it. "ANFILCO
has been a Camfil Farr licensee for gas turbine air filters and filtration
equipment for locomotive diesel engines for a number of years. As Camfil Farr
Air Filtration India, the new subsidiary will serve as a bridgehead for the
Camfil Farr Group to expand into the local Indian market," comments Johan
Ryrberg, Executive Vice President and CFO of the Camfil Farr Group.
Initially, Camfil Farr Air Filtration India Limited will be integrated
within Camfil Farr Power Systems, representing 17% of Group sales, reveals the
companys press release. Camfil Farr Air Filtration India's production plant
and offices are based in Gurgaon, close to Delhi. |