Freudenberg goes West: New production site in Chengdu

With diverse businesses ranging from chemicals to automobile components, century-old German family company Freudenberg plans to expand investment in China for growth in a market that plays an increasingly important role in its global strategy.

The company reported record sales of 3.67 billion yuan ($580 million) in China last year, a 12.5 percent increase over 2010, at the same time its global figure rose 9.6 percent.