Monday, June 20, 2016 0
According to Powell, the new hub will be especially beneficial for Bosch’s Industrial
Technology business sector, as it will unlock opportunities to offer solutions in industrial applications. Cagayan de Oro has been referred to as an emerging city owing to its fast growth, and offers tremendous potential in the manufacturing sector with the proliferation of factories locating in and around the area. The Drive and Control business division, specializing in hydraulic technology and factory automation under the Rexroth brand, will help improve the production efficiency of industries such as biofuel and sugar milling, the company official said.
Bosch PH also said it is exploring other provincial areas such as Iloilo and Baguio to establish additional business hubs.
The Bosch Group expects worldwide sales to grow within an exchange rate-adjusted range of 3 percent to 5 percent in 2016, company officials said earlier.
In Asia Pacific, the Bosch Group boosted its sales in 2015 to a total of $21.3 billion or 19.2 billion euros, thus registering a nominal growth of 17 percent on a comparable basis or 2.8 percent after adjusting for exchange-rate effects. At 27 percent of total Bosch sales revenue, the region’s share of sales remained at the high level of the previous year, the company said.
Source: Manila Times
* Image is not the actual BOSCH CDO Business Hub