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Strong sales growth and new record earnings for Grundfos in 2005
In the year of its 60th jubilee, the Grundfos Group achieved its largest ever pre-tax profit of DKK 1,254m, despite relatively high prices of materials and a weak US dollar. That made 2005 the third consecutive year of record earnings.
Grundfos establishes new company in Romania - continued rapid growth in ...
For the past years, one of Grundfos’ main areas of growth has been Eastern Europe.
Grundfos agrees to buy American pump manufacturer
With the agreement to buy the activities of the American pump manufacturer PACO Pumps, the Grundfos Group realises a decisive element in the company’s growth strategy for the American market, as the acquisition is expected to increase Grundfos’ turnover in the US market by 30 per cent.
Grundfos buys South African pump manufacturer
On 1 November, the Grundfos Group will take over the South African manufacturer of water supply pumps Brisan Turbo (Pty) Ltd.
Grundfos invests heavily in Turkey
Grundfos has invested EUR 4 million in new facilities in Turkey, and last Friday the Group inaugurated an assembly plant as well as a new sales office on the outskirts of Istanbul.
Interim results - continued growth at Grundfos
During the first six months of 2005, the Grundfos Group has registered pre-tax profits of DKK 432m. Apart from last year's record of DKK 461m, this is the best interim result ever.
Grundfos supplier award for French supplier
On 6 June 2005 Grundfos awarded the prize for this year’s best supplier, the Grundfos Supplier Award.
Grundfos opens factory in Russian growth market
The Russian pump market is booming. Last year, Grundfos increased turnover by 40 per cent.
Grundfos opens factory in India
After eight years of positive development in the Indian market, the Grundfos Group now expands its Indian sales company to include production facilities, too.
Grundfos makes annual profit of 10,2 per cent of turnover
In 2004, the Grundfos Group achieved a pre-tax profit of turnover of DKK 1,234m - an increase of 14 per cent compared with 2003, when pre-tax profit amounted to DKK 1,078m.