Bosch to invest EUR 100 million


Bugun - Encouraged by increasing exports and rising utilization levels, German home appliances and auto parts maker Bosch will invest EUR 100 million in its business in Turkey. Bosch Industry and Trade Director General and Bosch Group Turkey Representative Hermann Butz assessed the performance of the company in 2009 and outlined the targets of the group for 2010. Butz said while they do not expect 2010 to be easy, they remained cautiously optimistic and expect a 15 percent increase in their turnover and exports.


“We have already reached the planned turnover levels. Therefore, we are planning to revise our employment plans and create new job opportunities”, said Butz, recalling that they have made EUR 84 million worth of investments in Turkey despite the crisis. “We will be investing EUR 100 million in 2010. We saw the benefits of preserving the employment of our trained workers during the crisis during the first four months of the year. We expect an increase in employment.”

Turkey; Bosch; home appliances; automotive; investment; employment; exports; Hermann Butz