Bosch expects to invest 3.4 billion yuan in the Chinese market in the future

The Chairman of Bosch Group, Franz Ferenbach, said that the completion of Bosch China’s new headquarters will help strengthen China’s business and it is expected to invest RMB 3.4 billion in the future to open up the Chinese market. In addition, in 2010, Bosch's global sales amounted to more than 47 billion euros, or about 420 billion renminbi, an increase of 24% compared to 2009, making Bosch the best performing company in its history. In 2010, Bosch Asia Pacific sales exceeded the 10 billion euro mark for the first time, accounting for 23% of global performance. The development of China is particularly eye-catching, with total sales exceeding 37 billion yuan, a year-on-year increase of 36%. China has become Bosch's third largest market in the world after Germany and the United States.

Bosch China will also increase its local employees. By 2015, Bosch China will double its management team to 1,500. Almost all of the new positions will be filled by local personnel. At the same time, active training and input will be given to local employees. According to Mr. Franz Ferenbach, based on the strong growth in China's performance and continuous good performance, Bosch will invest RMB 3.4 billion in 2011 to strengthen its business expansion in China.