According to foreign reports, the German Bosch Group plans to invest 370 million euros (about US$ 410 million) in the North American market to expand its business in 2015 to respond to the rapid growth in demand for parts and components in the region.
Bosch plans to invest 400 million U.S. dollars in North America to boost business growth this year
Werner Struth, a member of the Board of Directors for Bosch Americas, said that due to strong growth in automotive and intelligent transportation technology and industrial technology, the company will continue to expand investment to boost local business growth. Over the past ten years, Bosch has invested a total of 2.2 billion euros (about US$2.41 billion) in North America for product R&D and manufacturing.
In August last year, Bosch had announced that it will invest 400 million euros (about 440 million U.S. dollars) in Mexico in the next few years to build a new R&D center in the region and expand the production capacity of local components. It is also planned to add 3,000 locally in 2017. Employees. Subsequently, the group said that the construction of the US Plymouth Town Technology Center, which has a total investment of US$65 million, has broken ground and is expected to be completed in November 2015.
According to the data released by the Bosch Group, the company's turnover in North America reached US$11.3 billion in 2014, up 8.7% year-on-year, and accounted for 17% of the group's total turnover last year. Last year, Bosch invested a total of US$235 million in North America to expand production capacity in the region, which accounted for 11% of Bosch’s total global investment of 26 billion euros.
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