40-50 per cent market increase
It has been rather difficult to find enough space for all the goods on the shelves in the new factory so even before the inauguration, it was decided to enlarge the 12,000 square metre building with a 3,000 square metre warehouse, which will be ready at the end of the year.
So far, the warehouse has spread to the production area. The warehouse’s capacity is too small to match a market which has increased by 40-50 per cent in recent years – and in a country where Danfoss had its highest real growth rate last year. But, the President of Danfoss Russia has great expectations for the future, with increased production.
Today, two lines are producing 500,000 radiator thermostats and 40,000 steel ball valves per year, but the president of Danfoss in Russia estimates that the two lines will produce 20 and 100 percent more, respectively, this year. In addition, he expects an assembly line for heat exchangers and balancing valves will be set up.
The president says: "A huge number of opportunities exist for setting up production facilities in Russia. The country’s growth rate is high, and the need for modernisation and new construction is huge. My guess is that the developed part of our plot will be three times as large in ten years’ time".
The factory, 20 kilometres from the outer ring in Moscow, adorns a new industrial area where other global companies have also planned their futures in Russia.