FREUDENBERG, Germany—HF Mixing Group has acquired full ownership of an already established Indian subsidiary, HF India, expanding its footprint in that market.
HF Mixing Group formerly was a partial stakeholder in HF India.
The company said the investment represents a "pivotal milestone" in HF Mixing Group's "global expansion acceleration."
"The Indian economy runs on tires and it's clear there is a take-off decade ahead, whereby the Indian economy is expected to more than double over the next decade to a double-digit GDP percentage CAGR," said Ian Wilson, co-CEO at HF Mixing Group. "The market in India is growing, especially for rebuilds and also for mixers and mills. This has also been expressed by a few of our customers."
To meet demand, speed-of-reaction is necessary, and as such the activities of HF Mixing Group's new organization will focus on "a more comprehensive service with enhanced local content to all our customers."
HF Mixing said it will increase capacity for the rebuilding, repair and complete overhaul of mixers and mixing equipment, service upgrades and modernization proposals, manufacturing and supply of new mixing equipment.
As a result, Indus Uth HF Mixing Systems Pvt. Ltd. will become HF India Mixing Systems Pvt. Ltd. HF India will operate from Bengaluru.
HF Mixing Group has other sites in Germany, Italy, Slovakia, the United Kingdom and the U.S.
With more than 1,200 employees worldwide, the company designs and manufactures high-performance mixing machines for the rubber and polymer processing industry.
HF Mixing is part of the Possehl-Holding, which manages more than 200 companies with 13,000 employees.
