Bosch invests 10 million euros in automotive parts production facility in Long Thanh

(ĐN)-So far, after one year of operation, the Germany’s Bosch Group has invested around 10 million euros in a hi-tech automotive parts production facility for push-belts used in Continuously Variable Transmission (CTV).

(ĐN)-So far, after one year of operation, the Germany’s Bosch Group has invested around 10 million euros in a hi-tech automotive parts production facility for push-belts used in Continuously Variable Transmission (CTV), located on a 160,000sq.m area in Long Thanh district. The figure is estimated to increase to 55 million euros by 2016.

Although facing many difficulties due to the economic crisis,  Bosch VN maintained stable growth with 2008 sales of 11 million euros, said General Director of Robert Bosch Viet Nam.

Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial techonology, consumer goods, and building technology, 282,000 associates generated sales of 45.1 billion euros in fiscal year 2008.

Reported by X.P