Business

Bosch to invest EUR58 million in Vietnam

SGGP
The world's largest supplier of automotive components, Bosch Vietnam Co., Ltd. plans to invest EUR58 million (US467 million) in its gasoline plant in the Dong Nai province.
The additional investment aims to meet the rising demand for continuously variable transmission pushbelts from automakers across Asia Pacific and North America, said Peter Tyroller, member of the Bosch board of management responsible for the Asia Pacific region.
With this investment, the company will have total investment capital of 321 million euros (USD 372 million) in the plant by the end of 2018.
The leading global supplier of technology and services, Bosch has become one of the largest European investors in Vietnam, operating in all four areas: research and development (R&D), manufacturing, sales, and services.

By VIET THU – Translated by Kim Khanh

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