Bosch Plans Major Chinese Expansion
At the opening of a new development and manufacturing facility in Wuxi, China, Franz Fehrenbach, the Chairman of the Bosch Group Board of Management, announced intentions to significantly expand activities into the region.
The number of Bosch manufacturing facilities in the People’s Republic of China has doubled to 20 in the past five years. At the end of 2004, Bosch had invested some 550 million euros in the establishment and expansion of activities. The company now plans to invest a further 650 million euros during the next two years across the country. “Bosch has a strong focus on China. We see it as a core country for our business in the entire Asia-Pacific region” explained Fehrenbach.