English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 12 August 2016, 13:00 HKT/SGT

Source: Grundfos
Grundfos Unites in South Korea
Our three South Korean companies merges in to one. Better market coverage, higher brand awareness and greater flexibility towards customers are among the benefits coming from this move.

Denmark, Aug 12, 2016 - (ACN Newswire) - One, greater Grundfos. That will be the result of a decision to merge our Korean sales and production subsidiaries, Grundfos Pumps Korea, ChungSuk and Keum Jung Industrial. This move is made in order to optimise and utilise our combined resources and competences in the country.

An overview photo of Seoul, where the Grundfos sales office is located.

"One Grundfos organization in Korea will create strategic synergies for market leadership and enhance competitive edges. We also expect that this strategic change will strengthen customer centricity based on a consolidated organization in terms of sales and service initiatives. Moreover, a simplified structure will enhance our united team's ability to strengthen our internal and external collaboration and optimise our cost base, thus providing a strong foundation for our sustainable growth in South Korea as well as supporting Group Strategy 2020," says Hyun Wook Shin, General Manager of Grundfos Pumps Korea.

The new, united Grundfos in South Korea will be known as Grundfos Pumps Korea, and will be headed by Hyun Wook Shin. The company's activities in South Korea will be organised with a sales office in Seoul, service and distribution centre in Eumsung, and an operations centre in Gwangjoo.

The consolidation phase is already initiated and the final implementation of the new structure is expected to be settled during the second quarter of 2017.

Grundfos has been present in South Korea since 1990, where our Seoul based sales subsidiary opened its doors. Since then we have strengthened our position as a premium supplier of circulator and booster-solutions for the South Korean construction market, while we have also added to our skillset in producing large, made to order solutions for flood control.

About Grundfos

Grundfos is a leading pump manufacturer with an annual production of more than 16 million pump units. It offers a full range of modular, energy-efficient and intelligent products and services for applications within buildings, industries and water. Grundfos has more than 80 companies in 55 countries. For more information, please visit www.grundfos.com.

Further information:
Frank B. Winther
Senior Manager, Grundfos Group Communications
M: +45 21 99 62 40
E: fwinther@grundfos.com

Download photo
Seoul overview: http://hugin.info/152821/R/2034577/757697.jpg

Topic: Press release summary
Source: Grundfos

Sectors: Water, Design Process, Engineering, Daily News
From the Asia Corporate News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Grundfos Releated News
Sept 8, 2016 11:00 HKT/SGT
กรุนด์ฟอส: จากวิสัยทัศน์สู่ความจริง
Sept 8, 2016 11:00 HKT/SGT
Grundfos: Khi Tầm nhìn được Chuyển biến thành Hiện thực
Sept 8, 2016 11:00 HKT/SGT
Grundfos: Visi Diwujudkan Menjadi Kenyataan
Sept 8, 2016 11:00 HKT/SGT
Sept 8, 2016 11:00 HKT/SGT
그런포스: 비전을 현실로 만들다
More news >>
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575