In the framework of the state visit of Her Majesty Queen Margrethe II of Denmark in Russia September 7, 2011 the grand opening of the second phase of plant pumping equipment GRUNDFOS.
The total investment GRUNDFOS in Russia amounted to more than EUR 100 million (of which in manufacturing — 80 million euros). Asked about the capital investment payback period, the vice-president of GRUNDFOS, in charge of production, Knut Kregpos (Knud Kr? Gpoth) noted that the leadership group have absolute confidence in the profitability of investment in the Russian production. "The terms in which we operate in making decisions about investments — 10-15 years old — said Victor Dementiev, CEO GRUNDFOS in Russia. — Although our investment in the first phase of the plant has already paid off ".
Area industrial complex — 30 000 sq.m. The first phase of the plant, "Grundfos Istra" (Istra, Moscow region) was launched in 2005 The second phase includes new production facilities, warehouses and administrative buildings.
GRUNDFOS equipment used in almost all sectors of the economy: in heating systems, the water utilities, industrial facilities and in private homes. According to experts GRUNDFOS, the company’s share on the Russian market is about 18-19%. Turnover in 2011 is expected to be around 200 million euros. The share of pumps manufactured in Russia is about 30% of total sales.
The event was also attended by Ambassador Extraordinary and Plenipotentiary of the Kingdom of Denmark to the Russian Federation, Mr. Tom Risdahl Jensen, CEO of the plant "Grundfos Istra" Ms. Galina Biryukova, Minister of Foreign Economic Relations of the Government of Moscow Region Tigran Karakhanov, the head of the Istra district of Moscow region, Ms. Anna Szczerba.