Opportunity Sri Lanka | » Danish-based multinational Grundfos to enhance engagement with Sri Lanka
Danish-based multinational Grundfos to enhance engagement with Sri Lanka

Danish-based multinational Grundfos to enhance engagement with Sri Lanka

A global giant in pump and water technologies, Danish-based multinational Grundfos, has reportedly expressed its keenness to enhance its engagement with Sri Lanka and become the market leader.
Founded in 1945, Grundfos is the world’s biggest manufacturer of water pumps supplying over 17 million units annually. In 2018, its net turnover was 26.7 billion Danish Kroner (US$ 4 billion or Rs. 714 billion). It has nearly 20,000 employees in 56 countries. In Asia where Grundfos is marketed in nearly 20 countries it is the leader and solutions to industries account for over 40% of its regional sales.
“We are not as strong as we would probably like to be in Sri Lanka,” Grundfos founder’s grandson and Chief Sales Officer Poul Due Jensen has told a group of Asian journalists including the Daily FT during a recent visit to Denmark, suggesting it is keen to expand engagement and become a major contributor.
In Sri Lanka, Grundfos has reportedly been supplying world class pumps for over 25 years and describes is one of the leading suppliers. The focus is to become the market leader.
The company provides energy efficient pumps and smart pumping solutions for various applications across diverse segments including domestic and commercial buildings, industries, water utilities (water and wastewater management) and pumps running on renewable energy.
“We provide world class solutions to boosting, pumping, cleaning, heating, cooling, treatment etc.,” Jensen has been quoted as saying in the Daily FT.
The newspaper report states that the company had revealed it has enjoyed double digit growth in Sri Lanka and that its emphasis is to accelerate the growth further and reach more customers.
According to the report, to acquire new businesses and serve customers in Sri Lanka, Grundfos works with four partners Hayleys PLC Group’s Hayleys Aventura Ltd. for commercial building services, Sierra Engineering and Construction Ltd. for water utility projects and public tenders, Analytical Instrument Ltd. for medical, analytical and agricultural sectors, infrastructure development and Solar Therm.
Among Grundfos’ recent milestone projects is the 47-storey mixed development Colombo City Centre, for which it provided SEV wastewater pumps and hydro MPC booster stems for plumbing and sanitary applications.
Other notable projects handled by Grundfos includes pressure boosting and wastewater solutions to Coca Cola plant in Biyagama, the Unichela plant in Panadura and the MAS Intimates in Ratmalana, chilled water circulation and delivery and automated chemical dosing water intake for Unilever for its plant in Horana, and the water supply project in Galigamuwa for which it provided drainage pumps, suction and water pumps among others to enable water treatment and transmission, and dry zone water supply and sanitation in Mannar.
According to Grundfos Asia Pacific Region Regional Director Business and Product Portfolio – Water Utility Tan Chee Meng, Grundfos recently secured two contracts concerning flood control including the Ambatale project.
“We are working on a few more projects including water treatment,” Meng has said.
Focus in Sri Lanka includes building services especially new projects offering booster system, wastewater transportation and fire pumps package for hotels, mixed development office and condominium and government buildings.

OSL take:

The confidence expressed by Danish based Grundfos in doing business in Sri Lanka is a positive sign on the country’s business/investment potential. Sri Lanka’s geographical positioning in the Indian Ocean, the ease of doing business environment in the country and the many trade agreements as well as the trade concessions enjoyed by Sri Lanka have made the island a business base in the South Asian region.

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Article Code : VBS/AT/19092019/Z_1

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