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Bosch total investment in Jiangsu over 540 million euros

NANJING, Jiangsu – Total investment by Bosch in Jiangsu Province has now reached 540 million euros ($702 million) since its arrival in 1984.


 


The Jiangsu provincial government and Bosch celebrated their 23 years of collaboration on February 1, known in Jiangsu as: “Bosch Day.”


 


Rudolf Colm, a Bosch member of the board responsible for coordinating activities in the Asia-Pacific region said: “We are pushing ahead with the development of products and industrial solutions in Jiangsu. We also aim to contribute to the region in environmental protection, energy saving, road safety and economic development.”


 


Bosch’s presence in Jiangsu began in 1984 when it signed its first technology licensing agreement with the Weifu Group in Wuxi. In 2005 Bosch set up an engineering center for component and system testing in Suzhou and introduced common rail diesel technology to its Wuxi facility.


 


Today, Bosch has five large plants in Jiangsu Province: spark plug and steering facilities in Nanjing; a diesel competence center and gasoline injector facility in Wuxi; and chassis and automotive electronics units in Suzhou.


 


Bosch employs 6,500 people in Jiangsu, with plans to employ a total of 18,000 people across China by the end of 2007.


 


The company now has 14 subsidiaries, six joint ventures, and six trading companies in China. Its 2006 consolidated sales in China reached 1.3 billion euros. By 2005, Bosch had invested around 620 million euros in China and by the end of 2008 it plans to have invested a further 620 million euros.


 


Quick glance at Bosch in Jiangsu Province


Facility                                         City      Established        Key products


Nanjing Huade Spark Plug           Nanjing             1996     Spark plugs


Bosch Automotive Products         Suzhou             1999     Electronics, brakes, chassis control and multimedia


Bosch Automotive Diesel Systems            Wuxi     2004     Diesel injection


ZF Steering Jincheng (JV)           Nanjing 2001     Steering pumps

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