Grundfos takes big hit on US battlefield
Danish manufacturing group Grundfos was resurrected on the global market in 2017, but ran into growth trouble in the US where several competitors are surging. "Of course we're not satisfied," says CEO Mads Nipper.
BY ANDERS LEONHARD
While Danish pump manufacturing group Grundfos restarted its growth engine last year, particularly in Asia and the Middle East, the Grundfos machine is having serious trouble getting back into gear on the key US market.
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