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Bosch to invest 300 million dollars in Toluca, State of Mexico, as part of its strategic investment in North America

 
 
 

08/22/2013 | Mexico | Corporate News

Bosch, with support from the Government of State of Mexico, will invest approximately 300 million dollars (USD) over five years in the company’s operations in Toluca, State of Mexico, as part of an advanced manufacturing strategy which Bosch will develop in Mexico. This investment will significantly increase the company’s production capacity in Toluca, allowing the company to meet the growing demand for the manufacture of new high-tech automotive products in North and South America.

Thanks to the agreements and negotiations carried out with the state government of State of Mexico, and the support of Governor Eruviel Avila, the investment will be carried out over a period of five years, which started in 2012 and will extend through 2017. During this time, up to 2500 new jobs in the state are expected to be generated.

“The investment that Bosch is making in the state of Mexico is motivated both by the support given by Governor Eruviel Avila as well as the favorable conditions that the city provides us,” said Rene Schlegel, president, Robert Bosch Mexico.

The investment will start with the application of more than 52 million dollars that will be allocated towards the expansion of the plant in Toluca. With this investment, the Bosch plant in Toluca will concentrate the biggest amount of its production for supplying electric motors and gasoline systems for the North American market. The investment also allows Bosch to supply these products to the South American market.

"Through approaches and agreements with multinational companies such as Bosch, we are looking to expand and strengthen the presence of the State of Mexico internationally,” said Eruviel Avila, State of Mexico's Governor.

Thanks to the agreements and negotiations carried out with the state government of State of Mexico, and the support of Governor Eruviel Avila, the investment will be carried out over a period of five years, which started in 2012 and will extend through 2017. During this time, up to 2500 new jobs in the state are expected to be generated.

Having established a regional presence in 1906 in North America, the Bosch Group employs some 28,700 associates in more than 100 locations, as of April 1, 2015. In 2014, Bosch generated consolidated sales of $12.6 billion in the U.S., Canada, and Mexico. For more information, visit www.boschusa.com and www.bosch.ca .

The Bosch Group is a leading global supplier of technology and services. It employs roughly 390,000 associates worldwide (as of December 31, 2016). The company generated sales of 73.1 billion euros in 2016. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to deliver innovations 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.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 120 locations across the globe, Bosch employs some 59,000 associates in research and development.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Additional information is available online at

www.bosch.com

www.iot.bosch.com

www.bosch-press.com

twitter.com/BoschPresse