Profits boost for Grundfos
Pre-tax profits for the Grundfos Group grew by 14% in 2004 compared with the year before. Turnover exceeded £1 billion. The growth is attributed to increased sales, improved efficiencies and continuing growth in established markets such as the UK and new markets around the world. The £150 million investment in research, product development and equipment was a record figure. 55 000 m2 of new production facilities is scheduled to open this year in India, Russia, China and Hungary.