Bosch registers strong growth in the Philippines

Bosch registers strong growth in the Philippines image

Text: Team / Photos: Bosch Press | posted July 11, 2013 08:25

Workforce increase of close to 40 %

Bosch, a global supplier of technology and services, achieved a strong growth of 30 percent in sales in the Philippines in 2012 compared to the same period during 2011. This is mainly caused by its two largest division, the automotive aftermarket and the power tools division, both of which registered a double-digit growth in 2012. Also in line with its business development plans, the company also expanded its workforce by close to 40 percent to about 200 associates over the course of the year.

For 2013, Bosch projects a positive outlook with continued growth and the expansion of its footprint in the Philippines by expanding its existing Bosch Car Service Workshops, Bosch Diesel Centers, and Bosch Diesel Service Workshops. The expansion will cover the Visayan region and was spearheaded by the opening of its business hub in Cebu last May.

“One of the key drivers for our growth in the Philippines is its upbeat economic climate which, in the last couple of years, has resulted in the country’s economic and social progress. These positive developments present opportunities to international businesses like Bosch,” said Joseph Hong, Managing Director of Bosch in the Philippines. “Bosch is committed to support the development of the country’s thriving industries of automotive, construction and real estate. Our strength lies in providing one-stop solutions and a diverse portfolio of products and services,” he added.

To contribute to the local community, Bosch pioneered a nationwide community development campaign called Skil Paint the Town Red, which aims to generate livelihood projects for community members through training workshops and power tool donations. The initiative has led to seven basketball half-courts being built in key locations across the country where the Skil brand is present, and will see 33 more half-courts being constructed in the coming months.

For 2013, Bosch expects global sales growth of two to four percent. Measures to improve results that were started in 2012.

The company also expects sales growth to come from innovative and beneficial products, web-based business models and the further expansion of its international presence. At the company’s annual press conference in Germany, Dr. Volkmar Denner, Chairman of the Bosch Board of Management said, “Bosch’s broad footprint has never been as valuable as in the age of connected life.”