Bosch Expands Activities In Southeast Asia With Planned $89M Investment - aftermarketNews

Bosch Expands Activities In Southeast Asia With Planned $89M Investment

In the past 10 years, Bosch has invested almost 500 million euros (approximately $558.7 million USD) in the expansion of its manufacturing and development locations in Southeast Asia.

With a population of more than 600 million, Bosch Group says Southeast Asia offers the company excellent business opportunities. The leading global provider of technology and services is present in all 10 ASEAN member countries and is continuously expanding its activities in the region.

bosch-making-a-difference“Southeast Asia is an important region for the Bosch Group,” said Peter Tyroller, the member of the Bosch board of management responsible for Asia Pacific. “To support growth in the region, we are planning to invest around 80 million euros (approximately $89.4 million USD) in Southeast Asia this year.”

In the first half of 2016, Bosch opened new offices in the Philippines and Indonesia with the aim of being closer to its customers. The company also is strengthening its manufacturing capacity in the region and plans to expand its Mobility Solutions plants in Malaysia and Vietnam. In addition, a new plant in Thailand is planned. In the past 10 years, Bosch has invested almost 500 million euros (approximately $558.7 million USD) in the expansion of its manufacturing and development locations in Southeast Asia.

In 2015, Bosch achieved sales growth of 12 percent in Southeast Asia, generating sales of more than 780 million euros (approximately $870 million USD). The company also expects positive development in the current year, despite partially volatile economic development in some of the ASEAN markets. In the first half of the year, business in the Philippines, Thailand and Vietnam developed well, according to Bosch. There are many factors in the region that create opportunities the company points out: these include its large and young population, the growing purchasing power of the middle class, increasing demand for infrastructure, urbanization and the need to conserve natural resources. The company also sees potential in the area of connectivity and the “Internet of Things” (IoT) in Southeast Asia.

Bosch has been present in Southeast Asia since 1919. Today, the company employs more than 6,800 associates in Singapore, Malaysia, the Philippines, Indonesia, Thailand, Vietnam, Brunei, Cambodia, Laos and Myanmar. In the coming years, the workforce is expected to keep growing. The company has manufactured locally for more than 20 years and currently has seven plants in the region. Southeast Asia also is becoming increasingly important for the Bosch Group’s global R&D network. The company has had development activities in Singapore, Vietnam, Thailand and Malaysia for several years.

Since 2010, Bosch has operated its first software development center in Southeast Asia in Ho Chi Minh City, Vietnam. Among other things, engineers at the center work on software solutions for the IoT. Bosch says this makes the company an increasingly important software employer in the region. In Vietnam, Thailand and Malaysia, the company has implemented the German concept of dual education.

Besides expanding its regional presence, Bosch also is strengthening its brand communication in Southeast Asia. The first international corporate campaign has been launched in the growth region, with marketing and PR activities on different channels. The aim is to raise awareness about Bosch in the ASEAN member states – especially in emerging markets such as Indonesia, Vietnam, Cambodia, Laos and Myanmar.

The campaign aims to show that Bosch also offers technologies in many other areas that can improve quality of life, among them, automotive parts such as spark plugs, wipers, batteries, brakes and driver assistance systems that make driving safer and more comfortable. Other examples include hydraulic systems for marine engineering that support the progress of local industry, and power tools that contribute to better quality in the building sector. Packaging technology keeps foods and beverages fresh, even in high temperatures.

The theme of the campaign is “We help make a difference.” In the dynamic growth region, Bosch is working to develop and offer technology that is tailored to the needs of the local market. In some instances, these solutions are available at a lower cost and meet different specifications.

Watch the video on the Bosch campaign “We help make a difference” on Youtube here.

You May Also Like

Neusoft Launches Global In-Vehicle Intelligence Solution

OneCoreGo 5.0 made its debut at Auto China 2024 and aims to enhance in-vehicle experiences with AI-driven solutions.

Car-Technology-1-generic-1400

At the Auto China 2024, Neusoft Corp. launched its latest version of OneCoreGo Global In-Vehicle Intelligent Mobility Solutions, version 5.0, highlighting its progress in the field of AI and automotive technology. This launch is part of Neusoft's strategy to develop intelligent solutions.

Neusoft, active since the 1990s, has expanded its product line with the latest release, enhancing its in-vehicle ecosystem. The product suite includes One Map, One Sight, and One Store, aiming to improve the mobility experience and support automakers worldwide in offering advanced in-vehicle experiences.

Apollo Tyres Adds to EU Lineup

The EnduMile LHT, the company’s most durable and fuel-efficient trailer tire, is now available in a 385/55 R22.5 format.

Apollo-Tire-new-EU-sizes-1400
Blink Charging UK, Evri Collaborate to Electrify Courier Fleet

EV chargers installed at Rugby enhance Evri’s sustainability efforts, supporting a greener future in parcel delivery across the UK.

blink_rugby_398-1400
Brembo Reaches 75% Renewable Energy Use Globally

The company’s CO2 emissions fall as Brembo presents activities and results achieved in every area of ESG.

brembo hackathon
New 17-ton Rotary Pit Lift Released in Europe, Middle East, Africa

The lift can adjust to fit different pit sizes, while maintaining the ability to pick up, lift and support heavy-duty vehicles.

Rotary-pit-lift-600

Other Posts

TRP Celebrates 30 Years of Aftermarket Parts

Thirty years and 300-plus stores later, TRP looks back at what led to the milestone.

TRP-30th-Anniversary-Logo-1400
New Sanctions on Russian Nickel, Copper and Aluminum

Reisman discusses how the sanctions will impact prices paid by those in the automotive industry.

Marelli, Infineon Collaborate on Electronic Zone Control Unit 

Marelli will showcase its latest zone control unit (Zone), built in collaboration with Infineon, at the upcoming Auto China show in Beijing.

Marelli and Infineon Collaborate to Showcase Zone Control Unit 
Automechanika Ho Chi Minh City Event Lineup Announced

More than 500 exhibitors will showcase innovative mobility solutions, advanced technologies and a wide range of automotive products and services, June 20-22.