HCMC, Oct 3, 2011. 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, the company reported in a ceremony to launch its latest products and creative solutions last Friday held in HCMC.
Vo Quang Hue, the company’s general director, said car components and after-sales service sections have maintained steady growth with three digits, while sales growth of security system and parts of handy electric equipment is recorded with two digits.
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.
Hue hopes the scheme will be ratified before the German chancellor arrives in Vietnam on October 11. 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.