GERMANY: Bosch expands Abstatt centre with EUR70m injection
Bosch is to expand its development centre in Abstatt near Stuttgart with a EUR70m (US$77m) injection in the project.
The location is home to Robert Bosch Chassis Systems Control division and the wholly-owned Bosch subsidiary, Bosch Engineering.
"The number of associates working at Abstatt has grown continuously since the location was opened in 2004 and the existing buildings and parking spaces are no longer sufficient," said Chassis Systems Control and general manager in Abstatt, Gerhard Steiger.
"Expansion of this location is a sign of how successfully our business is growing and it is an investment in the location's future."
Temporary workspaces will be set up in shipping container buildings, with the new facilities due to be completed by mid-2018.
Additional parking will be built by mid-2016. Abstatt currently has a total of 3,400 employees from more than 50 countries.
The Abstatt development centre was opened in May, 2004 following a three-year construction phase and has experienced continuous growth since says Bosch.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 360,000 associates worldwide (as per April 1, 2015). The company generated sales of 49 billion euros in 2014.* Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including its sales and service partners, Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. In 2014, Bosch applied for some 4,600 patents worldwide. The Bosch Group’s strategic objective is to create solutions for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.”
Original source: http://www.bosch-presse.de/presseforum/details.htm?txtID=7333&tk_id=202