Bosch Annual report

Focusing on its mobility solutions and connectivity concepts paid off for Bosch Malaysia in 2015, with the German company recording an increase in sales of RM664 million out of a total group revenue of RM306 billion worldwide, representing a 10% rise over the previous year. “We surpassed our own business expectation in the past year with growth above market average for most of our divisions,” said Simon Song, managing director of Bosch in Malaysia.

The increase in sales comes on top of Bosch’s investment of RM138 million into its Malaysian operations, with the majority of that sum ear-marked for research and development. This is out of a global investment of RM28 billion into R&D, which is roughly eight to 10% of its global turnover, said Song.

Bosch also expanded its car multimedia plant in Penang in April of this year, in order to take on more development projects in developing car connectivity solutions for the future. For mobility solutions, Bosch saw increased sales growth, largely attributed to new product segments such as car lubricants and other fast-moving consumables.

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In 2015, Bosch’s automotive steering plant in Penang began supplying electric power steering systems to local automotive manufacturers (notably for the Proton Iriz) – a new OEM segment for its operations here. Malaysia has also been designated as its global R&D facility for further development of connectivity control units (CCU), notably for the Europe and China markets.

Looking forward to 2016, Bosch expects group revenue to grow by between three to five percent on a global basis. Bosch Malaysia is the second largest contributor to Bosch’s South-East Asia revenue stream, and employs 2,600 people – over 4,000 if manufacturing operations are taken into account – making it Bosch’s largest workforce in the ASEAN region.