Bosch ends fiscal year with US$ 13.7 billion in consolidated sales in North America
German manufacturer and technology services supplier Bosch ended its 2017 fiscal year with US$ 13.7 billion in consolidated sales in North America, thus remaining at a level similar to the previous year. The number of associates employed in the U.S., Canada and Mexico in 2017 stood at nearly 34,500, a slight increase over 2016.
“North America continues to be an important market for Bosch,” said in a statement Mike Mansuetti, president of Bosch in North America. “Our focus is on developing advanced technologies, especially within the Internet of Things, that enable the future of mobility, connected cities, consumer goods and manufacturing facilities,” Mansuetti added.
For 2018 Bosch in North America expects healthy growth over the prior year, driven primarily by the Mobility Solutions business sector. The number of associates is expected to remain at a level similar to 2017.
Bosch continued to make significant investments in its manufacturing facilities across the North America region, investing nearly US$ 470 million (413 billion euros) in 2017.
Key highlights from the year include the opening of a 104,000-square-foot Research and Technology Center in Sunnyvale, California; the launch of an assembly plant for automotive steering in Queretaro, Mexico; the opening of a new center of innovation and business accelerator in Guadalajara, Mexico; and an expansion of a dishwasher plant and central distribution center in New Bern, North Carolina.
The new facility in Sunnyvale provides 40% more space than its former location and consolidates roughly 200 team members from Bosch Corporate Research, Robert Bosch Venture Capital and various Bosch business divisions into one building.