Bosch to invest $137 million to produce vehicle-safety devices in China
2012-05-04 Source：chinadaily
Summarize：Robert Bosch GmbH, a leading global supplier of automotive technologies and services, plans to keep investing in China this year to meet the demands of both automakers and customers in the largest market for vehicles.
www.chinabuses.org: Robert Bosch GmbH, a leading global supplier of automotive technologies and services, plans to keep investing in China this year to meet the demands of both automakers and customers in the largest market for vehicles.
The Bosch Group, plans to invest 3.4 billion yuan ($520 million) to capture more businesses in the Chinese market this year.That will start with the construction of a plant in Chengdu, Sichuan province, for the German company's Chassis Systems Control Division.The project is expected to cost $137 million and will result in the formation of Bosch Automotive Products (Chengdu) Co Ltd.
"Over the past four years, we have achieved an average annual sales growth of 30 percent in China," said Franz Fehrenbach, chairman of the Bosch board of management. "The growth has been accompanied by a continued investment in expanded business presence, research and development of facilities and local talents. Thus we will invest some 3.4 billion yuan this year to strengthen our leading position here in China," said Fehrenbach, who came to Shanghai on Wednesday to inaugurate Bosch's new China headquarters.
He also said his company intends to almost double its personnel in China from the current 26,000 people to 50,000 by 2015. In 2010, all three of Bosch's business sectors in China showed strong growth. Its automotive technology division increased sales by 38 percent, industrial technology grew by 45 percent and consumer goods and building technology recorded 21 percent growth from the previous year.
"Our automotive business here achieved sales of 23.3 billion yuan in 2010, further underlining our pillar position in China," said Chen Yudong, president of Bosch (China) Investment Ltd. "In the fast-changing Chinese automotive market, Bosch will make even greater efforts in localization to better meet the varied needs of Chinese consumers," said Chen.
"Bosch will continue to assist domestic automakers in innovation, especially in the areas that are critical to future development, including e-mobility, energy saving and emission reduction, as well as driving safety." "At present, Bosch has already established a complete product portfolio for hybrid and electric powertrains. We hope our world-leading technical support and experience can help Chinese manufacturers to offer affordable new energy vehicles," said Chen.
Last year, via its joint venture unit, United Automotive Electronic System, Bosch initiated two new energy vehicle technology projects. The implementation of these two projects will propel local production of key parts for hybrid and electric vehicle technologies in 2012, and new energy vehicles equipped with Bosch's technologies will be mass produced in 2013.
Rudolf Maier, general manager and vice-chairman of the board, Bosch Automotive Diesel System, said that Bosch will kick off a marketing campaign of diesel usage for passenger vehicles from the second half of this year. "Since the popularization and adoption of e-mobility will take time, diesel is a practical solution that helps meet national goals of energy conservation and emission reductions."
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