Bosch to invest 200 million euros in Turkey

Automation & RoboticsBusinessSouth-East European INDUSTRIAL Мarket - issue 2/2015

Bosch announced its plans to invest in Turkey following a new investment program amounting to 200 million euros. The company has full confidence in Turkey and believes in its potential, Steven Young, , President of Bosch Turkey and Middle East said at the company’s annual meeting in May 2015.

”In Turkey, where we have invested more than 2 billion euros in 43 years, we made investments worth 135 million euros in 2013. And we have a plan to invest 200 million euros in 2015” Young added.

Bosch has subsidiaries in 16 countries in the Middle East. Bosch Turkey has over 15,000 employees and is the fifth-largest Bosch division globally after Germany, China, India and the United States and the second-largest in Europe after Germany in terms of employment.

The company, cited by local media, announced its plans to put a considerable amount of its new investment into the division in Bursa, where it will further develop fuel injectors known to reduce fuel consumption by one-third and also new generation injectors compatible with the EU’s ”Euro 7” carbon emission standards.