GMM Pfaudler Ltd, a global leader in corrosion-resistant technologies, announced Monday (December 23) the establishment of a manufacturing facility in Poland to further strengthen its manufacturing capabilities in Europe. The company, through its German subsidiary Pfaudler GmbH, entered into an investment and shareholder agreement on Dec. 20 to acquire a 51% stake in a Polish limited liability company, GMM Pfaudler said in a filing stock market.

This acquisition marks an important step in establishing a state-of-the-art manufacturing and engineering facility in Poland.

The acquired entity specializes in the production of high-quality stainless steel equipment suitable for the pharmaceutical and food industries, thereby enhancing GMM Pfaudler’s competitiveness and global reach.

An investment of PLN 12.2 million (approximately ₹25.3 crore), financed through internal provisions, will be made to create the facility.

This expansion aligns with GMM Pfaudler’s goal of providing cost-effective, high-quality solutions to its customers worldwide, the filing added.

“This acquisition reflects our continued focus on providing cost-effective, high-quality solutions to our customers. Establishing this facility in Poland is part of our vision to strengthen our market presence in Europe and beyond,” said Thomas Kehl, CEO of International Business. .

GMM Pfaudler is a key player in corrosion-resistant technologies, systems and services for the chemical and pharmaceutical industries.

With 20 manufacturing sites and a robust sales and service network spanning four continents, the company employs more than 2,000 people and remains committed to providing innovative and cost-effective solutions to its customers.

The Patel family is the largest shareholder of engineering products manufacturer GMM Pfaudler Ltd.

Shares of GMM Pfaudler were trading 0.55 per cent lower at ₹1,212.9 on the BSE around 10:11 am. The shares of GMM Pfaudler Ltd. have been trading lower in the recent past. The stock is down 9% over the past six months, while it is down 24% on an annual basis in 2024 so far. Shares of GMM Pfaudler SA are down 23.8% over the past year.

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