Bosch Malaysia third party sales hit RM552mil
KUALA LUMPUR: German engineering and electronics company Bosch Malaysia's third-party sales in the country rose 14% to RM552mil (127 million euros) in 2014 compared to a year earlier.
Total net sales of the global technology and services supplier increased in 2014 by 24% to RM3.6bil (828 million euros), which included sales to non-consolidated companies and internal deliveries to other companies.
"Malaysia is an important location for Bosch, both as a production base as well as a market for our products and services.
"In view of the increasing global and local demand, especially for car infotainment and power tools, we expect to achieve positive sales development also in the coming years," said Managing Director Simon Song in a statement today.
As of April 2015, Bosch Malaysia employs a workforce of more than 2,500 associates, and expects the number to further increase in the coming years.
Bosch has invested around RM260mil (60 million euros) in the country in the past three years, and three out of its six locations in Malaysia underwent expansions and enhancement in 2014.
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