Wilo increases its presence in Russia

31 Oct 2017

Wilo has closed a deal for a special investment program. “The implementation of this contract means that Wilo will gain the status of a ‘local manufacturer’ in Russia and in the next few years will invest heavily in its own site, thereby increasing added value locally and, in turn, strengthening its competitive position in Russia and on the Eurasian market,” said the CEO of the Wilo Group, Oliver Hermes.

The agreement which came into effect today is another important milestone in the implementation of the Group’s localisation strategy: “Our future activities will allow us to improve our response to customer-specific requirements,” said Jens Dallendörfer, Managing Director of Wilo Russia. As part of the two and a half hour meeting with the Committee on Eastern European Economic Relations, President Putin and the ministers presented a reform agenda for the coming months. “We are convinced that the framework conditions for the German investors in Russia, especially for the SMEs, will continue to improve,” asserted Oliver Hermes. Wilo has been operating in Russia since 1992.

Source - wilo

                   

 

 

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