Bosch to expand in North America
USA – Bosch have released their analysis of the opening six months business in North America ands state that their business continues to develop very well in this market. Over the course of the first six months of 2015, the technology and services company recorded a significant increase in sales in the region, in which it employs nearly 29,000 people.
“Based on the current economic situation, we expect to continue growing through the end of the year,” declared Dr. Werner Struth, a member of the board of management for Robert Bosch GmbH which is responsible for the Americas.
According to its 2014 figures, Bosch had previously managed to increase its total sales in the United States, Canada, and Mexico in nominal terms by 8.6% to 8.5 billion euros ( equivalent to almost £6m) which, when adjusted for exchange-rate effects, represented an increase of as much as 9.3%.
“We are on track to double our sales in the Americas by 2020,” Struth stated. “All four Bosch business sectors in North America are performing very well. Mobility Solutions and Industrial Technology have been especially successful”, Struth continued, “and the Consumer Goods and Energy and Building Technology business sectors are recording stable growth.”
During the past ten years, the company has pumped almost 2.2 billion euros into expanding its research and development and local manufacturing and Bosch hopes to continue expanding its activities in North America over the next few years too.
“We are planning to invest nearly 370 million euros in North America in the current year. This commitment underscores the region’s importance to the Bosch Group,” Struth affirmed.
In August 2015, the company plans to officially open a new Thermotechnology plant in Tepotzotlán, Mexico. The site has already been producing gas-fired instantaneous water heaters for the Mexican and Latin American markets for the last month. The company have also outlined plans to expand the Bosch plants in Juárez, San Luis Potosí, and Mexico City, Mexico in the coming years.
To confirm this positive prognostic, Bosch have further strengthened its local presence last year by opening its first communication centre in Fort Lauderdale, while to the south it unveiled a new software development centre in Guadalajara, Mexico. This software development centre has been designed to offer programming and application services for the automotive industry and Bosch plants in North and South America, while the company predicts that the areas of connectivity, automation, electrification, and energy efficiency in particular will prove to be strong growth markets in the near future.
“A strong local presence is crucial in being able to make the very most of opportunities in the region,” Struth concluded.