Bosch plans to double parts sales in the Asia-Pacific region by 2020
According to a report in the Nikkei Shimbun, Bosch executives recently stated that the group plans to double its sales of auto parts in the Asia-Pacific region by 2020. Peter Tyroller, head of Bosch's Asia Pacific region, said the group plans to double its annual sales in the Asia Pacific region to 222 billion euros by 2020. In order to achieve this goal, Bosch will focus on strengthening its business with Japanese automakers. These automakers occupy the leading position in ASEAN countries. At the end of last year, Bosch opened a second local factory in Thailand for the production of brake parts and other products. The company’s first plant in Indonesia will also be completed by the end of this year. It will start production of engine parts and the plant will become Bosch's sixth plant in Southeast Asia. In addition, Bosch will invest 160 million euros in India to expand its control software R&D business. The company plans to develop low-cost technology products in India. Bosch competitor Denso is also building a third local plant in Indonesia, and the competition among parts suppliers in the Asian region will continue to heat up. Injection Molds Processing,plastic injection moulds,plastic injection mold,Injection mold for pipe fittings Injection Mold Processing,Injection Mold For Pipe Fittings,Plastic Injection Moulds,Plastic Injection Mold Dongguan Anding Technology Manufacturing Co., Ltd , https://www.cn-moulds.com
Peter Tyroller, head of Bosch's Asia Pacific region