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Bosch invests USD 80 million to expand its plant in San Luis Potosí

 
 
 

10/25/2016 | Mexico | Corporate News

Growth strategy in Mexico

  • Approximately one thousand new jobs
  • Over 25,000 square meters added to the plant
  • New engineering center focused on gasoline systems
  • Bosch main sponsor of German Year in Mexico: upcoming event in San Luis Potosí

San Luis Potosí, SLP – Bosch has inaugurated the expansion for its plant located in San Luis Potosí, México, with the support of the Governor of San Luis Potosí, Dr. Juan Manuel Carreras López and the Minister of Economic Development, Gustavo Puente Orozco. The leading global supplier of technology and services will have invested around USD 80 million into the facility between 2015 and 2018 and thus underlines its commitment to the country. The expansion will create around a thousand new jobs – part of the more than 3,000 new associates Bosch plans to hire in Mexico over the next three years.

“This new investment made by Bosch in San Luis Potosí is in line with the growth the company has had with the state, economically and in the industrial sector, benefitting the people of San Luis Potosí by creating new jobs", said Dr. Juan Manuel Carreras López, State Governor.

Bosch continues dynamic growth in Mexico

“We announced the expansion of Bosch in Mexico in 2013, today we celebrate the growth of our plant in San Luis Potosí. With this activity, we continue our dynamic pace of growth in Mexico. I would like to thank the State Governor and the associates of the San Luis Potosí plant which we are very proud of", said René Schlegel, president of Bosch Mexico.

The over 25,000 square feet expansion includes an advanced logistics and customer service center as well as a state-of-the-art engineering center focused on gasoline systems. Also the manufacturing area was expanded and now has 50 percent more capacity with special areas for new production lines for instance for an important component for automatic transmission systems.

Strong local commitment

"It is important to state that a few years back this plant almost had to close its doors, but thanks to the effort we all made here we have made this new investment that makes us grow and also allows us to generate new jobs opportunities”, said Gunter Daut, Commercial Manager of the plant.

The San Luis Potosí Bosch plant was established over 40 years ago for the manufacturing of automobile parts. Today, currently 1,700 Bosch associates work at this location and also carry out social responsibility programs, such as: “Me Gusta Mi Escuela”, “Música para la vida” and the “Maratón Atlético Universitario of the UASLP” mainly, besides supporting education through the dual system.

Bosch main sponsor for the Year of Germany in Mexico

“Bosch is one of the main sponsors of the Dual Year Germany-Mexico", said Schlegel: “With our participation, we want to emphasize the close long-term relationship our company has with Mexico,” Schlegel said. Alongside mobility, the focal points of the initiative will include urbanization, Industry 4.0, digital culture, and sustainability. The aim is to promote exchange on these topics and to deepen understanding of German culture and the role of the German economy in Mexico. In 2017, San Luis Potosí will be one of the seats of the Dual Year’s greatest events: a pop-up tour in which visitors can know and experiment the technology that Bosch develops in Mexico and the world.

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