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MOTORINDIA
l
May 2012
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ing system, organisation of world
renowned trade fairs in Germany
and well-designed activities of the
Chamber. All this has contributed in
a large measure to Germany becom-
ing a world champion in exports for
the seventh consecutive year.
Mr. Benjamin Würth made a de-
tailed presentation on the Würth
Group and its success story. Though
the group was started in a humble
way in 1945 as a family concern, it
has today become one of the most
successful German SMEs with its
special focus on delivering world
standard products. However, the
growth has also come through peo-
ple’s education. Today, with 415
companies in 84 countries around
the world, Würth has an employee
strength of 66,000 and delivers one
lakh products. It has its vision to
become a 20 billion EUR turnover
company by 2020 as compared to
9.7 billion EUR achieved in 2011.
Referring to the increasing sales
in the Asian region, particularly in
India, he said that, even though Ger-
many accounts for maximum sales
revenue of 45.7 per cent, the Asian
market with only a 4.5 per cent share
offers immense opportunities for the
company’s future growth.
Keeping this in mind, the com-
pany is all set to establish a major
warehousing centre in Chennai by
next year. With this expansion and
new initiatives in India, Würth is
planning to achieve a 1 billion EUR
sales mark by 2020 compared to the
current 38 million EUR. Würth is
also a major supplier of parts to dif-
ferent auto OEMs such as Daimler,
Volkswagen and Audi, all of them
having their special focus on India.
Mr. Sai Prasad. V, Managing
Director, Reinhold Wuerth India
Pvt. Ltd., in his brief address, said
it is simply exciting that Würth has
committed itself to train manpower
extensively, and through this MoU
with IGTC, the company can benefit
a lot by offering the required train-
ing for developing the managerial
skill of the Indian staff.
Earlier, Mr. S. Raj, Regional Di-
rector, IGCC, in his welcome ad-
dress, outlined the growing activi-
ties of the Chamber in India.
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events