Bosch investment
By Jin Jing |
April 28, 2012, Saturday
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Print Edition
Print Edition
ROBERT Bosch GmbH plans to invest up to 4 billion yuan (US$635 million) a year in China through 2015 to better support Chinese customers and gain a stronger foothold in west China.
Although the country's auto market is undergoing an industry-wide slowdown, a majority of Bosch's future investment will be in the auto industry, Uwe Raschke, a member of Bosch's Board of Management, said yesterday.
"The potential for China is greater than the potential in other markets because of its huge population," Raschke said. Bosch China boosted its sales by 13 percent year on year to 42.3 billion yuan in 2011, making China its third-largest market.
Although the country's auto market is undergoing an industry-wide slowdown, a majority of Bosch's future investment will be in the auto industry, Uwe Raschke, a member of Bosch's Board of Management, said yesterday.
"The potential for China is greater than the potential in other markets because of its huge population," Raschke said. Bosch China boosted its sales by 13 percent year on year to 42.3 billion yuan in 2011, making China its third-largest market.
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