Bosch Turkey to invest EUR 400mn in 2011-2013.

By bne IntelliNews May 10, 2011
Bosch Turkey plans to invest a total of EUR 400mn in the country in the three years period from 2011 to 2013, country manager of the company Herman Butz states. The company will invest EUR 120mn of the total planned investments this year and a total of EUR 300mn is planned to be invested in automotive sector, Butz details. The company targets a 15% y/y sales growth in 2011 and to increase its workforce to 9,600 by employing 600 new personnel, according to Butz. EUR 66mn will be allocated to R&D activities. Bosch Turkey recorded EUR 1.7bn revenue, representing a 24% y/y increase, and EUR 793mn domestic sales, representing a 25% y/y rise, last year.

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