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Pump demand expected to grow by 10%
The market for pumps in all industrial segments in Viet Nam is expected to increase at least 10 per cent a year over the next 10 years, a pump company director has said.
Gert Borrits, General Director of the Danish-based Grundfos in Viet Nam, said the country was an attractive market for foreign companies to invest, especially in beer, foodstuff and industrial equipment.
"These industries create a huge need for pumps and pump systems, especially energy-saving ones, including high-pressure services for steam, water and waste water services," Gert said.
Currently, Grundfos holds the largest market share of the pump market in Viet Nam after two years of operation, offering products including circulator pumps, submersible pumps and centrifugal pumps.
It plans to employ more staff in Viet Nam to serve its business expansion needs as well as develop its after-sales services nationwide.
"We hope to set up some factories here also because we think Viet Nam is a very good place to produce pump products," Gert said.
"We already have a huge investment in China and now we are looking at Thailand, Malaysia and Viet Nam," he said.
Last week, the company organised an industrial solution seminar in HCM City to introduce its sanitary range to 200 businesses in the food and water treatment industries and other sectors.
vietnamnews
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