Bosch has released numbers detailing its growth in Southeast Asia and has also unveiled plans to continue expanding in the region. 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 expansion is expected to continue.
The company is strengthening its manufacturing capacity in the region and plans to expand its Mobility Solutions plants in Malaysia and Vietnam. Additionally, a new plant in Thailand is planned. In the past ten years, Bosch has invested almost 500 million euros 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. 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.
Peter Tyroller, a member of the Bosch board of management responsible for Asia Pacific, said: “Southeast Asia is an important region for the Bosch Group. To support growth in the region, we are planning to invest around 80 million euros in Southeast Asia this year.â€