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Grundfos Wins Climate Award at Sustainability Awards 2023

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Grundfos, Salling Group and Nykredit were finalists for the Climate Impact Award, which was awarded on the basis of, among other things, goals, ambitions and documented results. Between inspiring presentations and heated debates, winners of this year’s awards were announced when the Sustainability Awards were held by the Danish Chamber of Commerce and EY on 14  September 2023.

 

The Climate Impact Award was among the awards presented in the Stock Exchange Hall, which was filled to the last row of chairs. The winner of the Climate Impact Award was selected by an independent jury that assessed eight nominated companies based on a number of criteria. Out of  the eight nominees, three finalists were selected:

  • Grundfos
  • Salling Group
  • Nykredit

And so it was Grundfos that came out on top. The Climate Impact Award is an award given to a company that has particularly ambitious goals and actions in its work on climate change, says Jan C. Olsen, CEO of EY in Denmark.

 

“With the Climate Impact Award, the focus is on companies that are already doing well but want even more. For example, by introducing new initiatives that can inspire and set new standards. It is therefore about clear impact, and the criteria for the award are tough, so solid results must be shown that support ambitions and goals. The independent jury found Grundfos to be a good  example of this.”

The value of lifting together

Among other things, the jury justified the choice of Grundfos with their solid results and a complete plan for net zero. The jury also highlighted Grundfos’ partnerships to find solutions to, for example,  more climate-friendly production.

 

“This year’s winner of the Climate Impact Award is very ambitious and at the same time understands the value of pulling together. Many exciting initiatives can be highlighted, and at the same time,  Grundfos also has a global impact across the value chain. They go beyond the country’s borders – with positive impact and change,” says Brian Mikkelsen, CEO of the Danish Chamber of Commerce.

 

Mikael Geday, Group Executive Vice President, Chief Financial Officer at Grundfos, says: “Making a positive impact on the world’s water and climate challenges is deeply rooted in our business. Thanks to strong collaboration across Grundfos, our Science-Based Targets were approved last year, and we have already, in 2023, allocated DKK 150 million to support initiatives that will enable the realisation of our 2050 Net Zero target. We are immensely proud of the recognition it is  to receive the Climate Impact Award for this work.”

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Grundfos Introduces New Range of End-Suction Pumps to Advance Asia Pacific’s Smart Green Cities

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As demand for intelligent solutions in the region accelerates to build more connected, resilient, and sustainable cities, Grundfos has launched its new NK and NKE range in Asia-Pacific. The new long-coupled end-suction pumps feature industry-leading energy efficiency, with the premium NKE range utilising smart technology to bring ease of use, monitoring capabilities, and greater connectivity.

 

Being one of the most vulnerable regions in terms of climate risks (1), Asian countries are increasingly focusing their sustainability efforts on the built environment, as this sector is responsible for nearly a  quarter of total energy consumption and energy-related carbon emissions (2). Smart cities leveraging intelligent technology for their operations are now on the rise, as they can achieve more efficient use of resources such as energy and water.

 

As multi-purpose pumps that play a role in a variety of different applications in areas including cooling and heating in commercial buildings, Grundfos introduced the new and improved NK and  NKE range to complement its strong portfolio of energy-efficient water solutions, providing customers with a holistic range of highly efficient solutions at every level.

Achieving tomorrow’s efficiency demands today

The new NK and NKE range offer industry-leading energy efficiency as standard. All pumps are built to IE3 as a minimum, which reduces energy consumption and operation costs and exceeds all current regulatory requirements. For even greater control and efficiency, the premium NKE range is able to operate up to the highest  IE5 efficiency, achieved through intelligent features such as an integrated permanent magnet MGE  motor with variable frequency drive, and built-in pressure sensor.

 

These features work together in detecting and adjusting water pressure and flow intuitively, ensuring optimum conditions 24/7. With these intelligent components built directly into the solution, NKE removes the need to install any external components such as controllers, frequency converters, and sensors, which can add further complexity and costs to the process.

Intelligent control and monitoring at your fingertips

Combining cloud connectivity and digitalisation, the NKE range also allows for remote monitoring and access over the system, enabling intelligent control right at your fingertips. This makes NKE  compatible with today’s building automation and building management systems. Users can monitor, control, and schedule water use from their smartphone with the Grundfos GO  REMOTE app, available for both iOS and Android operating systems.

 

With the ability to manage tasks anytime when in range, NKE reduces the need for manpower, lowering operating costs. Users can also easily access pump diagnostics, and create and email reports on-site from the app. This ensures any operational issues can be quickly addressed, reducing unnecessary downtime and maintenance costs, and ultimately extending the lifespan of their end-suction pumps.

Designed and built to last

In addition to their advanced efficiency and intelligent upgrades, the new NK and NKE range also include significant technical improvements to maximise reliability and durability, enabling the pumps to be installed, operated, and maintained more easily. Notably, Grundfos utilised a single manufacturing process which eliminates misalignment, producing longer-lasting seals and bearings.

 

The pumps also boast improved hydraulics, which supports the overall efficiency in water flow conditions. The new pump design allows users to easily access the mechanical seal without the removal or disruption of other components. Other improvements include greater noise reduction and an increased temperature range.

 

Kenth Hvid Nielsen, Regional Managing Director, APAC, Commercial Buildings, Grundfos, said,  “Rapid urbanisation, demographic shifts, and climate change in Asia-Pacific are key drivers for the need for smarter and more sustainable solutions to build more resilient future cities. As the first company in the water solutions sector to receive full validation of our 2050 net-zero target from the Science-Based Targets initiative (SBTi), we are proud to launch the new NK and NKE range, which not only contributes to the region’s development of smart cities but also aligns with Grundfos’ climate commitments. With the new offering, we look forward to delivering more sustainable, efficient, and cost-effective pump solutions with shorter lead times and locally supported services across Asia Pacific.”

 

1 Credendo. Asia: Climate Risks are a Top Vulnerability for Asia.
2 International Energy Agency (April 2022). Roadmap for Energy-Efficient Buildings and Construction in the Association of  Southeast Asian Nations.
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Grundfos Appointed as Industry Partner to Support Singapore Polytechnic’s Green Campus Ambitions

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Grundfos, a global leader in advanced pump solutions and water technology, has been appointed by Singapore Polytechnic (SP) to be its industry partner to co-drive and support its decarbonisation journey through greater water and energy efficiency on campus. In alignment with the Singapore Green Plan 2030, SP has set out a robust decarbonisation journey of greening its campus, reducing its environmental impact, and nurturing stewards of sustainability, with ongoing efforts towards certifying all 22 buildings in SP Green Mark Platinum by 2025.

 

The appointment is an expansion of an existing partnership with Grundfos signed back in 2021, under which the two parties look to co-develop energy and water-efficient smart solutions that support industries in Singapore in their efforts to be sustainable, through collaboration, talent development, and sustainability education.

 

Under this newly expanded remit, Grundfos will be providing SP with industry expertise and counsel on how the polytechnic can achieve greater water efficiency on campus, by evaluating how smart water solutions can help reduce its water and carbon footprint. Grundfos will also be providing valuable proof of concepts in the form of regular knowledge sharing on pilot projects.

 

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To mark this occasion, an SP delegation led by Principal and CEO, Mr Soh Wai Wah, visited Grundfos’ global headquarters in Bjerringbro, Denmark for the partnership agreement signing ceremony. The delegate also toured the Grundfos wastewater treatment plant, the CR factory and the world’s leading dairy producer Arla’s Aarhus facility to experience smart water solutions in action. Both teams also had in-depth discussions on sustainability and education, areas of collaboration, and plans.

 

Commenting on this new milestone, Eric Lai, Grundfos’ Regional Managing Director, Industry – APAC & Country Director for Singapore, said that for Grundfos to support SP’s decarbonisation journey was a natural next step in their long-standing partnership. “With the first iteration of our partnership, we had set out to support Singapore’s small and medium-sized enterprises in harnessing energy and water-efficient smart solutions. Today, we are heartened to see SP demonstrating its commitment to ‘walk the talk’, by working with us to achieve a water and energy-efficient green campus using intelligent technology. We look forward to taking our work with SP to the next level through the expansion of this partnership and further supporting Singapore’s broader sustainability ambitions.”

 

Principal and CEO of Singapore Polytechnic, Soh Wai Wah, said, “SP believes in building a sustainable future for everyone, and has been working relentlessly to achieve this goal in our green journey. In our ongoing partnership with Grundfos, we have witnessed the real-life, tangible impact that smart sustainability solutions can make a difference in one’s carbon footprint. We are excited to work with Grundfos to showcase the green innovations and technologies to the region, and also amplify our sustainability efforts, and build a green campus that our staff and students can enjoy for generations to come.”

Grundfos cbs global hq ribbon cutting

Grundfos Commercial Building Services Unveils New Global Headquarters in Singapore

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Grundfos cbs global hq ribbon cutting

 

Grundfos, a global leader in advanced pump solutions and water technologies, today inaugurates the global headquarters of its Commercial Building Services (CBS)  division in Singapore. The move comes off the back of heightened demand for resource-efficient solutions to foster a sustainable built environment in Singapore and the region, where almost 56% of ASEAN’s population will be urban by 2030.

 

Serving commercial buildings such as hotels, hospitals, office towers, airports, and data centres, Grundfos’ CBS division delivers water pump systems that serve various applications supporting the successful operation of these buildings, including air-conditioning, cooling, heating, fire protection, to wastewater and water disinfection. A critical component of Grundfos’ relocation strategy will be the Singapore Innovation Hub, which aims to leverage local knowledge to pioneer future solutions for energy-efficient commercial buildings. The facility will look to bring Grundfos’ R&D capabilities closer to customers and the market, as well as provide a platform for collaboration with industry partners, customers, and researchers to co-develop energy and water-efficient smart solutions.

 

As part of developing the Singapore Innovation Hub, Grundfos has engaged in various feedback, steering and risk management efforts since March, following which the company will embark on identifying and developing key innovation initiatives, establishing a governance structure, and discussing areas of collaboration with potential partners. All this will contribute towards a comprehensive working plan for the new Singapore Innovation Hub by the third quarter of 2023.

 

Grundfos singapore

 

Singapore was selected for the relocation based on its strengths in innovation and talent, and its nationwide commitment to sustainability through its Singapore Green Plan 2030. Singapore’s strategic location as the gateway to other ASEAN countries also allows Grundfos to work more closely with customers in these markets and support their sustainable urbanisation needs.

 

Recent reports of climate change and rapid urbanisation have called for countries to examine their buildings’ environmental impact. The region’s building sector accounts for nearly a quarter of total energy consumption and energy-related carbon emissions, and this is still projected to grow by around 60 percent by 2030 and 120 percent by 2040. Specifically, space cooling is the fastest-growing use of energy in buildings globally and in ASEAN. Being one of the most vulnerable regions to climate change, the sector’s sustainability ambitions are high on the region’s agenda.

 

Poul Due Jensen, Group President & CEO, Grundfos, said, “Locating our CBS headquarters in the heart of Asia is part of our wider business strategy of operating as a truly global company. We also recognise  Singapore’s strong potential in becoming a hub for green innovation, which aligns with our business focus of driving global sustainability. At Grundfos, we are committed to delivering on our net-zero targets validated by the Science Based Targets initiative (SBTi) to ensure our growth is sustainable.  This includes designing our products and solutions to help our customers reduce their energy  consumption, conserve resources, minimise their environmental impact, and ultimately advance the global green transition.”

 

Bent Jensen, Group Executive Vice President & CEO of Commercial Building Services, Grundfos said,  “Cities are here to stay, and the future of humanity is undoubtedly urban. With that in mind, there is great urgency in driving a sustainable built environment globally that conserves energy and water use. This is especially important for ASEAN as this region’s urbanisation is unprecedented. Today’s milestone demonstrates our commitment to introducing cleaner, more energy-efficient technologies that can help existing and future buildings reduce their energy consumption and overall carbon footprint. We look forward to advancing a sustainable built environment both regionally and globally  with Singapore at the heart of our innovation and operations.”

 

Under the new CBS headquarters, Grundfos will also be strengthening its talent pipeline to over 200 employees, by bringing in global expertise and hiring local talents. The company will also continue its efforts in collaborating with public and private players locally.

Grundfos’ Distributed Pumping System

Grundfos Launches Intelligent Distributed Pumping System to Help Thai businesses Achieve Net-Zero Goals

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The automated solution can reduce energy use in commercial building cooling systems by up to 50%

Grundfos, a global leader in advanced pump solutions and water technology, today launched its Distributed Pumping System in Thailand, which can reduce energy consumption for cooling large commercial buildings by up to 50%, drastically cutting operational costs and helping Thai companies achieve their sustainability goals. Temperature control is one of the most energy-intensive functions in commercial buildings with heating, ventilation and air conditioning (HVAC) systems accounting for up to 40% of the total energy used.

Thailand’s tropical climate, the increasing effects of global warming and the construction of large malls, office towers and commercial buildings across the country highlight the need for smarter, more efficient HVAC. Grundfos’ Distributed Pumping System, which uses intelligent decentralised pumping to reduce energy consumption has met the cooling needs reliably across Southeast Asia over the past two years and has garnered a lot of interest in the region as well.

Grundfos’ Distributed Pumping System

Kenth Hvid Nielsen, Grundfos’ Regional Managing Director, APAC, Commercial Buildings and General Manager for Grundfos Thailand, said, “Energy-efficient solutions can play an important role in managing the nation’s greenhouse gas emissions, which will help support Thailand to achieve its Net Zero Carbon Emissions target and its Paris Agreement commitments. Cooling is key to making our cities habitable, but as global temperatures continue to rise, relying on conventional solutions will only further contribute to global warming. Sustainability is a key part of Grundfos’ DNA and today’s launch demonstrates our commitment to creating cleaner, more energy-efficient technologies to enable our customers to reduce their energy consumption and limit their impact on the environment.” said Mr Hvid Nielsen. “Sustainable cooling solutions are all the more important given the growing demand for air conditioning alone in the world’s emerging economies will drive a 64% increase in household energy use and produce 23.1 million tonnes of carbon emissions by 2041.

Improving energy efficiency will become increasingly important for Thailand as it works to meet its targets and commitments established under the United Nations Development Plan, the Paris Agreement and the upcoming COP26 climate conference in Glasgow. Conventional cooling systems circulate chilled water throughout their system without considering fluctuating demand. Adjustments, when made, are often manual, which is an imprecise, time-consuming, and energy-wasting process. These inefficiencies have been amplified since the COVID-19 pandemic, as many companies have shifted to more flexible working schedules which resulted in more variable cooling needs.

In contrast, Grundfos’ Distributed Pumping System, which can be used in a diverse range of commercial buildings, including hotels, hospitals, office towers, schools, and airports, intuitively regulates water flow based on feedback from temperature sensors, meeting the exact requirements of different building zones and intelligently controlling energy consumption by delivering the right flow at all times. Two notable sustainable cooling projects which highlight the solution’s high-performing energy efficiency are Grundfos’ Asia Pacific headquarters and Ngee Ann Polytechnic, both based in Singapore. Both projects reported that the novel system helped them achieve 55% pump system kWh energy savings, as well as a significant reduction in operational costs.

Grundfos Delivers Strong Financial Performance in 2020

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After having been significantly impacted by COVID-19 during the first half of 2020, Grundfos returned to stronger sales traction in the second half of 2020 with sales only 1.0% below 2019. Return on sales reached 9.9% and in a challenging year, Grundfos maintained a high customer satisfaction score and continued to deliver on its sustainability ambitions.

Return on sales (EBIT/Net turnover) reached 9.9% for the full year corresponding to Earnings before Interest and Tax (EBIT) of 2,606m DKK. Profitability was impacted by restructuring costs and other non-performance items. Adjusted for these non-performance items Grundfos’ return on sales reached 11.1%, which is the second highest in the company’s history. Full year net turnover ended at 26.3bn DKK, corresponding to a decline in sales versus 2019 of 4.4% when measured in local currencies.

A cash flow from operating activities of 3.5bn DKK and an equity ratio of 68.9% secures financial strength. This is a result to be proud of, says Poul Due Jensen, CEO and Group President, Grundfos. He added, “The COVID-19 pandemic made 2020 a challenging year for everyone and our main priorityhas been ensuring a safe working environment and to continue to serve our customers in the best possible way. We are therefore very satisfied with our result. Our financial strength allows us to invest further in our strategic ambitions and in innovation to fulfill our purpose of solving the world ́s water and climate challenges and improve quality of life for people.”

Grundfos also continued to deliver on its sustainability ambitions by once again reducing the company’s own water withdrawal by 51% and CO2 emissions by 36% compared to the 2008 baseline. The annual employee motivation survey, conducted in September, also showed an increase in employee motivation to a record high level.

“Grundfos is its people, and I am proud to see that we despite a global pandemic, deliver very strong financial results, an increase in our employees’ motivation and our customers’ satisfaction score.We also continued to deliver positive climate impact by significantly reducing our own energy consumption and enabling our customers to reduce their energy use as well. Furthermore, we have successfully gone live with our new customer-centric organisation. Grundfos is in really good shape and ready for the future,” adds Poul Due Jensen.

Financial highlights full-year 2020:

  • Net turnover 26.3bnDKK
  • Sales growth (in local currencies) versus last year of -4.4%
  • Return on sales of 9.9%

Grundfos Launches Investment-Free Guaranteed Energy Savings Programme for Thai Businesses

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Grundfos, a leading pump and water solutions manufacturer,has launched a new service model in Thailand that can help local businesses cut energy consumption by more than one-third,achieving greater sustainability at a lower cost while supporting the country’s goal of reducing greenhouse gas emissions by at least 20% by 20301.

Grundfos Energy Earnings (GEE) is a new, shared energy saving programme where Grundfos absorbs the investment cost of replacing customers’ current equipment with new environmentally friendly solutions, as well as installation and ongoing maintenance. Under this new self-funding service model, Grundfos and customers will share the realised savings from GEE for five years.

Products offered through GEE include LS pumps, controllers and energy-efficient motors. Pumps account for 10% of global energy consumption. Switching to newer technology can have a significant positive impact. Advanced pump solutions, which can be used for various applications across diverse segments, are especially suitable for the hospitality industry where hotels, entertainment arenas and other facilities play a critical role in supporting the Thai economy.

Mr Lewis Brown, Grundfos Regional Service Business Developer, Asia Pacific Region

GEE can also help municipal electricity authorities reduce their energy consumption. Grundfos is dedicated to supporting Thai efforts to reduce energy consumption, in line with a growing domestic environmental movement where consumers and businesses are becoming increasingly concerned about how human activity is damaging the country’s natural and urban environments.

Mr Lewis Brown, Grundfos Regional Service Business Developer, Asia Pacific Region, said, “Sustainability is a very important part of Grundfos’ DNA. The pandemic this year has reaffirmed the importance of achieving our climate ambitions, as we are reminded of the impact human activities have on the environment. We are committed to helping our customers to reduce their water and energy consumption to limit their carbon footprint.”

He added: “At the same time, we aim to demonstrate that financial and environmental goals are not mutually exclusive. Our GEE model showcases the benefits of replacing energy-intensive equipment with our pioneering technology that can reduce both environmental and financial costs.”

Grundfos this year launched GEE with the Ramayana Water Park in Pattaya, replacing the existing pumps at Thailand’s largest water park, enabling it to reduce its energy consumption by 31%. The project will exceed 1,000,000 kWh in savings and 450 tonnes of CO2 emissions — about the same as permanently removing 170 cars off the road. Financial savings for a customer can reach up to 1.5million baht per year of cost savings.

“GEE has the potential to deliver real financial savings. Customers in the hospitality industry, who have been pressured by the Covid-19 pandemic,can benefit from developing greater resilience to help them overcome challenges caused by the pandemic while helping them on a path to a more sustainable future in the longer term. These savings will have a significant impact on our customers’ bottom line, as well as our commitment towards sustainability and the environment. We forecast to reach 30 Asia Pacific customers within the next five years,” said Mr Brown.

Click here for more information about Grundfos Energy Earnings (GEE).

 

Reference:

1. In the lead-up to the 2015 Paris Agreement, Thailand proposed its nationally determined contribution to reduce greenhouse gases by around 20 to 25% by 2030.

Grundfos Presents Sustainable Solutions at the Ninth Regional 3R Forum in Asia and the Pacific

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Global pump manufacturer Grundfos showcased its sustainable water and wastewater solutions at the Ninth Regional 3R Forum in Asia and the Pacific, a platform for broad cooperation on promoting the 3Rs – reduce, reuse, and recycle – in Asia.

The forum, which took place from March 4 to 6 2019 in Bangkok, Thailand, was co-organised by the Ministry of Natural Resources and Environment (MoNRE), the kingdom of Thailand, the Ministry of the Environment of the Government of Japan (MoEJ), and the United Nations Centre for Regional Development (UNCRD) of Division for Sustainable Development Goals (SDGs).

The Grundfos team at the Ninth Regional 3R Forum in Asia and the Pacific

This year, the forum’s theme was ‘3R As a Way for Moving Towards Sufficiency Economy – Implications for SDGs’. In line with this theme, Grundfos is showcasing its range of sustainable and energy-efficient products and solutions that have helped customers and communities reduce their impact on the environment, and subsequently addressing global challenges aligned to UN SDGs.

Pia Yasuko Rask, Senior Engagement & Responsibility Manager, Grundfos, said, “The UN has set 17 very ambitious goals, many of which relate directly or indirectly to water and energy. Our resources are limited but demand continues to grow. How do we live large with a smaller impact? How can we use less but gain more?”

“This forum is an incredible platform for key leaders and decision-makers to come together and discuss these issues, and we were excited to take this opportunity to show how technology can make a real difference to the world in this area. Sustainability is in Grundfos’ DNA, and we will continue to build our strategy on the SDGs through our portfolio of sustainable products and solutions.”

Mr. Tsukasa Akimoto, State Minister of the Environment, Japan and H.E. General Surasak Karnjanarat, Minister of Natural Resources and Environment, Thailand visit the Grundfos exhibit at the Ninth Regional 3R Forum in Asia and the Pacific

Forum delegates also learnt about Grundfos’ work, specifically around renewable energy. One key initiative is the Grundfos Lifelink water solutions, which aims to strengthen the quality, reliability and sustainability of drinking water supply in rural and urban communities in developing countries, particularly across Southeast Asia and Africa. Lifelink solutions combine renewable energy, proven pump technology, water treatment and intelligent water ATMs with online water management and a professional service network.

Notably in 2015, to improve access to clean water in rural Thailand, Grundfos Lifelink water solutions worked with the King Mongkut’s Institute of Technology Ladkrabang (KMITL) to test its fully automated AQpure water treatment system, with an aim to turn river water and surface water into drinking water for the residents in 15 Thai villages, meeting the needs of around 30,000 residents.

Grundfos also showcased solar solutions such as SQFlex submersible pumping system, which utilises abundant solar energy to power water supply. The pump system offers the perfect water supply solution in remote areas where the power supply is non-existent or unreliable.

Grundfos Launches New CR Product That Achieves New Efficiency Heights

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Pump manufacturer Grundfos has launched its new generation of CR pumps – which exceeds current energy efficiency limits for multi-stage in-line pumps. Grundfos’ renowned range of CR pumps are the world’s first vertical multistage centrifugal inline pumps, which line up pump pressure and pump suction port in a straight pipe.

The centrifugal CR pumps can transport corrosive, hot, and high-pressure liquids used across various applications including water supply, water treatment and almost all industrial solutions.

The new generation of Grundfos CR pumps introduces three new flow sizes (CR95, 125 and 155) and increases the maximum water flow to 220 cubic metre per hour.

Gary Flanagan, Regional Product Manager – Multistage, Grundfos Asia Pacific Region said the pump manufacturer is dedicated to continuous development and innovation to ensure that this new generation of CR pumps is meeting the evolving needs of industries in Asia and globally.

“The world has changed in many ways since the CR was first introduced many years ago. But our drive to set new standards for our customers has always remained the same. That is why we are so proud to announce the launch of this new generation of Grundfos CR pumps.

“Today, our new CR pump design features a full range of sizes and literally millions of customised solutions to suit the specific needs of companies and engineers.”

Based on extensive research, development and testing of new hydraulic designs, the CR pump is engineered using state-of-the-art production methods – including a fully automated and flexible production line.

Gary Flanagan added, “As industries in Asia expand to meet the growing consumption demand of the region, they need to take a smarter manufacturing approach to make sure their industrial processes are able to produce more with less, while reducing energy consumption and limiting their carbon footprint.

“Sustainability is a very important part of Grundfos’ DNA and we aim to create cleaner and more energy efficient technologies to help our customers reduce their carbon emissions, in line with the Paris Agreement commitments.”

Grundfos Singapore Appoints New Country Manager

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Global pump manufacturer Grundfos has announced the appointment of Ki Woong Ahn to the role of Country Manager of Grundfos Singapore, with effect from August 1, 2018.

In his new role, Ki Woong will lead the overall sales operations for the key business areas: Industry, Commercial Building Services, Domestic Building Services, Business Development and Aftermarket Service Sales. Along with Singapore, he will oversee the Export Markets of Cambodia, Myanmar and Sri Lanka.

Ki Woong brings with him 18 years of professional experience from different positions and companies. He has been working in Grundfos Korea for the last seven years, having joined the company in 2011 as a Segment Manager for Commercial Building Services. Prior to this appointment, Ki Woong was Director, Strategic Planning & Business Development, and before that he was Operations Director.

Prior to joining Grundfos, he held multiple positions in the areas of sales, marketing and engineering with IBM in Korea, as well as having had his own start-up company.

Chee Khuan Leong, Area Managing Director, South Asia, Grundfos, said: “With his extensive experience in the Asia Pacific region and his deep understanding of the business, I am sure that Ki Woong will further strengthen our focus and growth in Singapore and the export markets.”

Ki Woong holds a Bachelor of Electrical Engineering from Korea University, Seoul, Korea, and an MBA from Kelley School of Business, Indiana, USA.