Grundfos, Denmark-based manufacturer of pumps and pumping systems, recently announced the further expansion in the Balkans by opening new sales companies in Serbia, Bosnia-Herzegovina, Croatia and Slovenia, to strengthen sales in the region.

According to Grundfos’ press release, the pump market in the Balkans, from Slovenia in the north to Albania in the south, is estimated at more than 100 million Euros, with great growth potentials due to the need for heavy investments in infrastructure, and for this, the company plans to double turnover in the region within the next five years.

”We are aware of a general need for investments in this area. There is also a growing need for renovation and replacement in the existing housing stocks where there is a growing awareness of energy efficiency,’’ said Grundfos Group Exec. Vice Pres., Søren Ø. Sørensen. In addition to the establishment of four sales offices, Grundfos has invested in 15 hectares of land in the town of Indjija, 42 km north of Belgrade, for possible new factory with room for 350 to 500 staff.

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