Robert Bosch Vietnam has obtained a remarkable growth rate, ranging from two to three digits in the year to date and it plans to expand its production in the domestic market.
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| Visitors (R) inspect a Bosch product. |
Bosch obtains high sales in Vietnam in a number of products compared to other markets in Asia.
Hue explained that local enterprises are increasingly aware of the importance of green products, which tend to reduce input costs, prompting the strong growth of Bosch given the current economic downturn.
Meanwhile, Bosch’s product quality is evaluated to meet global standards.
Besides boosting sales in Vietnam, the group is planning to expand its production activity.
For instance, the German firm is proposing Dong Nai Province’s authority approve the plan to raise total investment capital from US$73 million to US$132.6 million for a newly-established automobile component manufacturer in the locality in 2015.
Thanks to the additional capital, the new mill specializing in continuously variable transmission (CVT) is scheduled to double its annual production capacity to 3.2 million products from 1.6 million.
The new factory covering an area of 160,000 square meters was officially inaugurated in April and was the first hi-tech CVT plant of Bosch in Southeast Asia and the second in the group after a similar facility in Tilburg, Holland.
The project to increase investment capital is also aimed at recruiting and training over 800 workers for the plant in 2015 compared to the current number of around 300 employees.
Over the past few years, Vietnam has emerged as a center for production and research-development of Bosch in Southeast Asia.
(Source: SGT)
