Phoenix Contact India Pvt. Ltd. celebrates 25 successful years
The year 2018 is a milestone for Phoenix Contact India Pvt. Ltd., a leading technology-oriented company, as it celebrates its 25 glorious years of operation in India.
The celebrations of the success and of overcoming the challenges of the past 25 years were kick-started with a felicitation ceremony in the august presence of Klaus Eisert, a shareholder; Frank Stuehrenberg, the Global CEO; Axel Wachholz - Global CFO and Dinesh Parwanda, the President of Phoenix Contact India Pvt. Ltd., India.
“The journey of 25 years has been challenging. It all began with a joint venture partnership in 1993. After a slow beginning, the company’s turnover took off from the year 2006 and since then, there has been no looking back. We continuously invested in machinery, manpower and infrastructure,” said Dinesh Parwanda. He added that by expanding operations with a new factory at Prithla, Haryana, the organisation plans to double its production capacity. The recently inaugurated facility comes with a state-of-art manufacturing plant which is expected to enhance the service levels further.
The President of Phoenix Contact India Pvt. Ltd., added that the company aims to monitor its performance and service levels with the backing of its strong sales team and distribution network, which ensures the company is present in all the nooks and corners of the country.
Frank Stuehrenberg said, “The year 2017 was special for Phoenix Contact India Pvt. Ltd., which earned a turnover of over US$ 2.4 billion (2 billion euros).” He was happy to share the fact that even after attaining such great success, Phoenix Contact India Pvt. Ltd. still retains its status as a family-owned and financially independent company.
Frank Stuehrenberg also underlined the organisation’s commitment to invest further in Indian companies, not only for the upliftment of the growing Indian market but also for global requirements. The celebrations ended by thanking all those involved in the success story of Phoenix Contact India Pvt. Ltd.