Bosch to pump extra $47m in Dong Nai
Tuesday, July 25,2017
AsemconnectVietnam - Bosch Group will pump an extra US$47 million into its manufacturing plant in the southern province of Dong Nai, adding to the capital already invested by the group over the past few years.
In 2015 and 2016, Bosch poured $23 million and $22 million, respectively, into the plant. The increase in investment is aimed at meeting the demand for the automotive belt in the Southeast Asian and Asian markets, baodautu.vn reported.
Bosch is one of the world’s leading global suppliers of technology and services, headquartered in Germany.
Last year, Bosch Vietnam’s domestic sales revenue stood at $98.9 million, a year-on-year increase of 40 per cent.
Vo Quang Hue, managing director of Bosch Vietnam Company Ltd, said as Viet Nam accelerates the industrialisation and urbanisation process, it is aiming for a smart economy. These trends provide an opportunity for Bosch to diversify its products, especially in connectivity solutions for a smart city and Industry 4.0, he added.
Source: Bizhub.vn
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