| 18-12-2007
According
to the news from Bosch said Asia Pacific to contribute roughly 25 percent of total
Bosch Group sales by 2015. Bosch plans to invest a further 1.4 billion euros in
Asia Pacific between 2008 and 2010. The Group wants to achieve above-average growth
in Asia Pacific over the next few years, and has set itself a target of 22 billion
euros in sales by 2015. "By then, we want our Asian business to contribute
a strong 25 percent to total sales," said Franz Fehrenbach, chairman of the
Bosch board of management. "Asia Pacific is one
of the drivers of our growth. We have a strong presence here and the right products
to allow us to continue to grow dynamically with our customers in the future,"
Fehrenbach said. For 2007, Bosch expects its Asian sales to total 7.4 billion
euros. This is an increase of 8.5 percent. In local currency terms, average growth
will be as high as 13 percent. The high level of capital expenditure seen in recent
years is to continue: between 2008 and 2010, Bosch plans to invest 1.4 billion
euros in Asia. Bosch has already invested 1.4 billion euros in the region between
2005 and 2007. The company will be expanding both its manufacturing facilities
and its network of development and application centers, and will focus on automotive
technology that protects the environment and conserves resources.
Editor:Frederick
Wei from Chinabuses.com
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