- 18 July 2007 -

Grundfos creates new company in Kazakhstan

Grundfos is to open a new sales company within the next months in the Central Asian country of Kazakhstan. The new company, located between Russia and China, will handle the group's business in all of Central Asia.

"We expect a turnover of €10-12 m in the Central Asian area already this year. At present we have an estimated market share of 20%, and that makes us the largest international player on the pump market in the region" said Søren Ø Sørensen, Grundfos group executive vice president.

Grundfos says that it expects to double the turnover in Central Asia - which, besides Kazakhstan includes Uzbekistan, Kyrgyzstan, Turkmenistan and Tadzhikistan - within a five-year period. "Moving sales responsibility from the European sales organisation to Central Asia enables the group to not only sell more pumps in the region, but also to service the customers in a better way by means of a stronger sales and service organisation and shorter delivery times," Sørensen said.

www.grundfos.com

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