Bosch Group reports best ever sales in 125 year history
The timing could not be better for Bosch Group, as in a recent press conference held by Robert Bosch Philippines, the local subsidiary of the Bosch brand, they announced that worldwide sales for the Bosch Group in 2010 reached 47.3 billion euros. This is 24 percent more than in the previous year and represents the highest level of annual sales in the 125 years history of the company.
In Asia Pacific, Bosch sales grew by 43 percent to 11 billion euros year on year. This represents 23 percent of the Bosch Group's sales, making it the second most important region for sales after Europe.
Meanwhile, Bosch in the Philippines grew by 23 percent, generating sales of 16 million euros (or 1.01 billion Philippine Pesos) in 2010. Bosch recently added thermotechnology (heating systems) and automotive original equipment (OE) to its local portfolio.
"The company's strong growth in the Philippine market during the past year validates the Bosch Group's long-term strategy for the country," said Joseph Hong, Managing Director of Robert Bosch Inc. Philippines. "Diversification through innovative products as well as business lines and our expanded local presence contributed to the very positive development last year."
Apart from the global growth of its technology business, Bosch sees great potential in expanding its services in the local Business Process Outsourcing (BPO) sector. The newly established Bosch Communication Center, a local subsidiary of the Security Systems division, serves both internal and external clients and is proficient in all major Asian languages. The local Communication Center already achieved an above-target performance during its first year of operation.
The Bosch Group will be celebrating a landmark year in 2011 with both its 125th anniversary as well as the 150th birthday of the company's founder.