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Bosch to invest more than 10 million euro in Indonesia
Bosch, a global supplier of technology and services, has announced its plan to invest more than 10 million euro to establish its first manufacturing facility in Indonesia
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osch, a global supplier of technology and services, has announced its plan to invest more than 10 million euro to establish its first manufacturing facility in Indonesia.
Scheduled to commence production by 2014, the facility located in the greater Jakarta area will initially manufacture automotive products mainly for Japanese automotive manufacturers located in
Indonesia.
The firm plans to employ over 120 staff in the next three years.
'The planned production facility will be a much-anticipated milestone for our operations in Indonesia, and for the expansion of our footprint in Southeast Asia,' president of Bosch in Southeast Asia Martin Hayes
said in a press release on
Thursday.
'Southeast Asia is the fastest-growing region for Bosch, and expanding our manufacturing capabilities in this region underscores the growth potential that we see in this part of the world.'
Bosch estimates that by 2016, the total production volume by Japanese carmakers in emerging economies will surpass production volume in developed countries, with the highest growth occurring in Southeast Asia.
