Bosch Mexican operations post double-digit sales growth
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Bosch Mexico reported a double-digit growth of 10% on sales, reaching up to US$3.2 billion during 2017, including sales of non-consolidated companies and internal deliveries to affiliated companies, the company announced.
During the same period, Bosch's sales in the Mexican market increased 4.5% to US$1.3 billion, which reaffirmed the company's solid performance in the country. “2017 was a good year for Bosch Mexico; we will continue to innovate so that businesses continue to develop favorably in 2018,” said René Schlegel, president of Bosch Mexico.
As result of Bosch’s sustained growth in the Mexican market for the ninth year in a row, production and employment boosted: at the end of 2017 the company had more than 16,000 associates in 12 locations, approximately 10% more than in 2016.
“To support continued development in Mexico, Bosch continues to expand its presence in the country,” the company said, highlighting the US$120 million investment to build a “smart factory” for the production of electronic components in Celaya. The goal is to create more than 1,200 additional jobs in the new plant by 2020.
In 2017, the company opened its first automotive steering parts plant in Mexico, located in Queretaro, where US$80 million were invested.