“H&V has been actively building our relationships and presence in India for many years,” said CEO Val Hollingsworth. “We are pleased to be taking this next step forward to better serve our customers in India and the surrounding region. Our vice president of international business development, Juergen Binzer, and I evaluated a number of options for expanding into India and we are delighted to be joining with Nath. Like H&V, Nath is a family owned, professionally managed company with a long term view and a commitment to technology. This investment, like our investments in China is part of our strategy to serve our customers globally.”
H&V’s vice president and general manager of its engine and industrial filtration business, David von Loesecke, said, “The demand in India for high quality engine and industrial filtration products is significant and growing. We have already created a successful base business of imported products with customers in India. We are pleased to be able to soon offer locally produced products incorporating our latest technology for our customers.”
The joint venture is just the latest Asian investment for H&V who recently announced a significant investment at an existing plant in Suzhou, China.