Home>News Center>Bizchina>Business
       
 

Auto-parts supplier to quadruple China sales
By Xiao Xie (China Daily)
Updated: 2004-06-11 08:54

World-leading automotive parts and components supplier Robert Bosch GmbH plans to cash in on China's fast-growing auto sector by quadrupling its sales in the nation by 2012.

The company plans to lift its sales to 5 billion euros (US$6 billion) by 2012 from last year's 1.3 billion euro (US$1.56 billion).

Bosch will expand its existing production facility, build new factories and seek acquisition and merge opportunities to help it meet this ambitious target, said Peter Pang, president of Bosch (China) Investment Ltd.

"We want to maintain our leadership in the industry," said Pang.

Bosch announced that it will establish a joint venture in Wuxi in East China's Jiangsu Province to produce common rail systems - a diesel fuel injection system in auto engines - for local Chinese customers, an important aspect of its expansion plans.

The project, which awaits government approval, will be the firm's largest overseas investment, totalling 411 million euros (US$493 million).

Production of the joint venture is due to start this summer.

Bosch Group holds a 67 per cent share in the venture, with the Wuxi Weifu Group taking the remaining 33 per cent.

Bosch also plans to establish a 50 million euro (US$60 million) technical centre in Wuxi by 2005.

"Our partnership with Wuxi Weifu is yet another exciting opportunity for Bosch to further extend its leadership in the China market through expansion of our production capabilities for providing the efficient and clean diesel technologies," said Christoph Kirsch, general manager of Bosch Automotive Diesel Systems Co Ltd.

Kirsch said China's automobile market presents huge opportunities for Bosch's expansion in China.

Huge growth potential exists for auto firm's investing in China, as the nation's average car ownership is 0.5 per 100 people, as compared with 55 in Germany and 80 in the United States.

Bosch has three main business divisions in China - customer/building technology, industrial technology and automotive technology. The automotive business accounts for more than half of the company's total revenue in China.

The company will increase its exports by expanding its production capacity to take the advantage of China's lower labour costs, according to Pang.

"We have strong plan for export," said Pang. "But we are now too busy to meet domestic demand."

Bosch also plans to expand its auto service network and has also launched a campaign to expand the Bosch Car Service (BCS) network which aims to set up 200 new service stations throughout China by the end of this year.

Bosch plans a massive rise in the number of Bosch Car Service network from the current 160 to 1,500 by 2013.



 
  Story Tools  
   
  Related Stories  
   
Auto R&D centre to set up in Shenzhen
   
New auto policy big leap forward
   
DaimlerChrysler to invest 1b euros in China
   
Carmakers hold high hopes for Beijing show
Manufacturers, Exporters, Wholesalers - Global trade starts here.

 

Advertisement
         
主站蜘蛛池模板: 日韩欧美中文在线| 精品久久综合一区二区| 国产精品偷伦视频免费观看了| 一个人看的www视频免费在线观看| 日韩av片无码一区二区不卡电影| 国产精品电影一区| 久久精品99久久香蕉国产| 欧美成人一区二区三区在线观看| 免费一级片网站| 精品日韩在线视频一区二区三区 | 一二三四视频社区在线| 无码人妻丰满熟妇区毛片18 | 精品综合久久久久久97| a级毛片免费观看视频| 亚洲AV无码专区在线观看亚| 老司机亚洲精品影视www| 国语自产精品视频在线区| xxxwww在线观看视频| 成年女人喷潮毛片免费播放| 久久久久人妻精品一区蜜桃| 日韩色视频一区二区三区亚洲| 亚洲国产精品一区二区久久| 欧美特黄a级高清免费大片| 人妻中文字幕乱人伦在线| 精品亚洲麻豆1区2区3区| 卡一卡二卡三免费专区2| 色yeye香蕉凹凸视频在线观看| 国产乱子伦片免费观看中字| 青青草a国产免费观看| 国产国产精品人在线视| 黄网址在线观看| 国产成人tv在线观看| 国产在线视频你懂的| 国产日韩欧美三级| 国产玉足榨精视频在线观看| 国产欧美在线视频免费| 亚洲香蕉在线观看| 国产精品女人呻吟在线观看| 中国人xxxxx69免费视频| 国产精品好好热在线观看| 两个人看的视频www在线高清|