“The world economy is going through a recession and Grundfos is also influenced by it. However, our expansion in the Balkans has been carefully considered and is a clear expression of our long-term business strategy for the region,” said Grundfos Group executive vice president Søren Ø Sørensen.
Grundfos currently has a turnover of more than €20 million in the Balkans. The company plans to double turnover in the region within the next five years.