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Capital expenditure of 90 million euros planned in 2016
|•||San Luis Potosí: new engineering center for powertrain systems inaugurated|
|•||San Martín Obispo: extended manufacturing facility for hydraulic systems|
|•||Querétaro: new manufacturing site for automotive steering systems under construction|
|•||Aguascalientes: production of vehicle safety systems started|
|•||More than 3,000 additional associates over the next three years|
Mexico City / Stuttgart – To strengthen its local presence in #mexico, the #bosch Group has just set two milestones in the country: at its existing site in San Luis Potosí, the global supplier of technology and services has opened a new powertrain engineering center. At the same time, local automotive technology manufacturing capacity will be expanded. Between 2015 and 2018, #bosch will invest roughly 72 million euros in expanding the location. The plant in San Martín Obispo has also been expanded at a cost of nearly 9 million euros: an additional building is intended to create extra space for the production of hydraulic systems. With these recent investments, #bosch is reacting to increased local demand and preparing for further growth in the region. "We expect all our business sectors to continue to develop positively in the current year," said René Schlegel, president of #bosch #mexico. "To be prepared adequately, we're planning to invest more than 90 million euros this year." Moreover, the company aims to hire more than 3,000 new associates locally – most of them in San Luis Potosí and San Martín Obispo. Today #bosch employs over 13,000 associates in #mexico, one-third more than in 2012.
Long-term presence in Mexico
Bosch has now expanded four of its locations in #mexico this year. In Aguascalientes, the company started the production of vehicle safety systems such as ABS (Anti-Lock Braking System) and ESP (Electronic Stability System) for the local market in mid-June. In Querétaro in the central Mexican region of Bajio, a new plant for automotive steering systems is to be built by 2019. It will cover an area of 15,000 square meters and be the eleventh #bosch location in the country (total investment: 70 million euros). "Our investment in the new location underlines our confidence in the continued growth of the Mexican market and demonstrates our long-term commitment to the country," Schlegel said.
Bosch is therefore continuing to expand in #mexico. Over the past four years, the company has invested more than 360 million euros in strengthening its local presence. Much of this has gone toward the Mobility Solutions plants in Toluca and Juárez, as well as the Security Systems plant in Hermosillo. In 2015, #bosch opened a new location in Tepotzotlán, manufacturing heating systems for the Mexican and Latin American markets. On the engineering front as well, #mexico is gaining momentum. Since 2014, #bosch has been operating a center for software development and engineering services for the American market in Guadalajara.
Promising market for Bosch
Bosch has been present in #mexico since 1955. Today, the company is active in all four of its business sectors in the country. In 2015, the technology and services company generated consolidated sales of 861 million euros in #mexico. And the Mexican market offers great long-term potential: the Nafta member state is the global automotive industry's seventh largest automaker and fourth largest exporting nation. Following growth of 2.5 percent last year, the International Monetary Fund (IMF) expects the Mexican economy to grow on a similar scale in the years ahead.
Bosch: main sponsor of the Year of Germany in Mexico
This year, a series of events in various Mexican cities will serve to emphasize the long-term partnership between #mexico and Germany. #bosch is one of the main sponsors of the "Year of Germany in Mexico" and will take part in many cultural events and exhibitions. "We want to emphasize the close long-term relationship our company has with #mexico," Schlegel said. Alongside mobility, the focal points of the initiative will include innovation, urbanization, Industry 4.0, digital culture, and sustainability. The aim is to promote exchange on these topics and to deepen the understanding of German culture and the role played by German businesses in #mexico.
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