Bosch Group opens US$43 mil facility

The German global technology and service provider Bosch Group yesterday opened a high tech production facility for push-belts used for Continuously Variable Transmission (CVT) in automobiles.

Located on 16 hectares in Long Thanh Industrial Park in Dong Nai Province, the 30-million euro (US$43.3 million) plant is part of the groups Gasoline Systems division.

In the first year of operation, the plant, the first Bosch CVT production site in Southeast Asia, will produce 1.6 million push-belts which can be fitted into vehicles ranging from sub-compact cars to sports utility vehicles with diesel, gasoline or hybrid engines.

(Source: VNS)