On December 12, 2018, Shanghai, the global technology group Freudenberg (Germany) Freudenberg and the former Shunde Apollo Environmental Protection Equipment Co., Ltd. established a joint venture company. Shunde Apollo Environmental Equipment Co., Ltd. (hereinafter referred to as Shunde Apollo) is one of China's leading suppliers of air and water filtration solutions. In 2017, Shunde Apollo had about 1,000 employees worldwide and annual sales reached 750 million yuan (about 96 million euros). At present, the transaction is still pending final approval by relevant Chinese institutions.
With the continuous improvement of relevant domestic laws and regulations and the increasing public awareness of environmental protection, the demand for air and water filtration solutions in the Chinese market is growing rapidly every year. According to experts' estimates, by 2022, the sales volume of Shunde Apollo's main products-indoor air purification filtration, fresh air system filtration and household water filtration-will reach $ 5 billion in the global market.
"The alliance between the two companies will strengthen and strengthen our market position and provide Chinese consumers with a broader range of innovative air and water filtration solutions," said Dr. Mohsen Sohi, CEO of the Freudenberg Group. "
Facing the rapid growth of China's economy, how to further improve air and water quality has become one of the major challenges facing China, and topics such as "sustainable development", "environmental protection" and "health and safety" have become increasingly important. Apollo filtration products can effectively filter (super) fine particles, harmful gases, odors and microorganisms in air and drinking water, protecting human health.
"The Shunde Apollo fits Freudenberg in every way," said Dr. Andreas Kreuter, CEO of the Freudenberg Filtration Technology Group, Freudenberg's filtration technology group. "As an innovative technology company, Apollo has first-class production and technical capabilities and an excellent market network. This cooperation can further improve our overall solutions in the field of indoor air filtration and water filtration."
Shunde Apollo has its own production base in Shunde, China, and has high standards in terms of quality, workmanship and safety in production. For two consecutive years in 2017 and 2018, Shunde Apollo was named as one of the top 500 manufacturing companies in Guangdong Province. The company has passed ISO 9001, ISO 14001, TS 16949 certification, and obtained the China National Accreditation Service for Conformity Assessment (CNAS) laboratory accreditation certificate.
Shunde Apollo Environmental Protection Equipment Co., Ltd. is a technology company integrating R & D and production of air and water filtration products and solutions. It was established in July 2000. Apollo provides filtration solutions for various applications such as indoor air purifiers, fresh air systems, water purifiers, air conditioners, refrigerators, vacuum cleaners, automobiles, kitchen appliances, humidifiers, medical purifiers, office equipment and other applications. 2017 sales reached 7.5 100 million yuan (about 96 million euros).
Freudenberg Filtration Technology Group and Shunde Apollo will benefit from this cooperation, including all aspects of production, technology and market, especially in the two areas that are very important in the future: filtration materials and gas filtration technology The advantages are complementary. After the agreement is reached, Freudenberg will take a majority stake in the joint venture.
It is understood that Freudenberg Filtration Technology Group, a business group of Freudenberg, Germany, is a leading global provider of air and liquid filtration solutions. The company is committed to the development and production of energy-efficient filtration solutions, aimed at improving the efficiency of process flow, saving resources and protecting the living environment, thereby improving the quality of life of the general public. With its two world-renowned brands, Viledon® and micronAir®, Freudenberg Filtration Technology provides customers with innovative filtration products and systems that are widely used in the energy, healthcare, and transportation (automotive, railway, marine, and aviation) industries. General ventilation and clean room technology, and highly specialized applications. In 2017, Freudenberg Filtration Technology Group's 2,100 employees generated more than 423 million euros (about 3.3 billion yuan) in sales.
Akihisa Yamamoto, CEO of Apollo Trading Group, said: "The joint venture with Freudenberg will further improve the future prospects of Apollo in China and the global market. Customers will clearly benefit from our more comprehensive Joint development capabilities and a stronger production network. "