SecurityWorldMarket

08/06/2016

Bosch to invest over 90M Euros in Mexico

Mexico City, Mexico

Bosch increases both plant and employee numbers in Mexico

The Bosch Group is continuing its dynamic pace of growth in Mexico and further expanding its activities in the North American country. The company achieved a nominal sales growth of four percent and total sales of 861 million euros in the country last year, which also signifed a 7th consecutive year of expansion in the terrirory.

“We expect positive development for all our business sectors in the current year as well,” said René Schlegel, president of Bosch Mexico. The company currently employs more than 13,000 associates in Mexico – one-third more than in 2012. “We plan to hire more than 3,000 new associates in Mexico over the next three years,” Schlegel said.

Bosch also aims to further expand its local presence in Mexico. The company is planning to invest more than 90 million euros this year and sees particularly good potential for its business with innovative mobility solutions. 

This investment is just the latest in a long line of expansions for Bosch in Mexico. Between 2012 and 2015, the company invested a total of more than 360 million euros for the expansion of manufacturing facilities and development activities. Of this amount, a large portion went to the Mobility Solutions plants in Toluca and Juarez, as well as the Security Systems plant in Hermosillo, where new manufacturing lines were put into operation. These plants manufacture for the local market as well as for North and South America. In 2015, Bosch opened a new plant for thermotechnology in Tepotzotlan which manufactures gas-fired instantaneous water heaters for Mexico and Latin America.

Mexico is also becoming an increasingly important development location for the Bosch Group. In 2014, the company opened its first software engineering centre for the Americas in the Mexican city of Guadalajara. There, Bosch currently employs around 200 associates. This figure is expected to increase significantly in the coming years, making Bosch an important employer for specialists from the software and IT industries.

Bosch has been present in Mexico since 1955. Today, the company is active in the country with all four of its business sectors. The business with automotive original equipment saw particularly good growth last year. In addition, the Drive and Control Technology, Security Systems, Power Tools, and Thermotechnology divisions achieved double-digit growth rates in 2015.


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