SINGAPORE /PRNewswire/
--
In
fiscal 2014, Bosch, a leading global supplier of technology and
services, achieved a year-on-year sales growth of around seven
percent in Southeast
Asia by generating SGD 1.06
billion (672 million
euros).1 In Singapore,
the company closed the fiscal year at SGD 260
million (154 million
euros) in sales revenue, posting a double-digit growth of
around 12 percent compared to the previous year.
"In
Southeast Asia we attained double-digit growth in most parts of the
region, with high potential markets such asIndonesia and the
Philippines performing exceptionally well,"
said Martin
Hayes, president of Bosch in Southeast
Asia, where Bosch is currently present in ten countries.
"Southeast
Asia remains one of the fastest growing regions for
Bosch. We see an increasing demand for technology from the rising
middle-class, as well as from industrial, commercial, and
infrastructure projects."
As
of April
2015, Bosch had increased its workforce in Southeast
Asia to around 6,600 associates. This figure includes
associates from the company's complete acquisitions of BSH Bosch und Siemens
Hausgeräte GmbH(now BSH Hausgeräte GmbH), and ZF Lenksysteme
GmbH (now Robert Bosch Automotive Steering GmbH), that
were previously joint ventures. Excluding these acquisitions, the
workforce grew to around 5,400 associates, including
newly-consolidated entities. Manpower in Singapore increased
slightly over the course of 2014.
Positive development across all business
sectors
The
Mobility Solutions business sector, formerly known as Automotive
Technology, continues to be the largest contributor to Bosch's
total revenue in Southeast
Asia. It achieved regional sales at a similar level to the
year before, while securing double-digit growth
in Singapore.
The acquisition of Robert Bosch Automotive Steering GmbH added a
plant in Penang,
Malaysia, to Bosch's manufacturing portfolio in the region.
Furthermore, Bosch's first plant in Indonesia commenced
production of automotive components in mid-2014.
Consumer Goods was the fastest growing business sector in the
region. This development was mostly due to the successes of Bosch's
cordless range of power tools as well as laser rangefinders, in
addition to the penetration into online sales channels and widening
of offline distribution networks. The sales of BSH Hausgeräte GmbH
were not yet included.
Energy
and Building Technology sales achieved moderate growth
in Southeast
Asia, but increased exceptionally in Singapore,
largely attributed to new security solutions installed within
commercial buildings over the course of 2014. Growing demand for
industrial automation and positive developments within the marine
and offshore industry contributed to the strong progress of the
Industrial Technology business sector in the region and similarly
in Singapore.
Strengthening industrial collaboration in Singapore
Many
opportunities for pioneering technological advancements exist
within Singapore.
"Out of Singapore,
we continue developing future-oriented technologies and solutions
for the local and global market," said Hayes. The legislative
framework favours protection of intellectual property, while the
mature technological ecosystem is teeming with global leaders and
research institutions involved in cutting-edge innovations. These
factors contribute to the attractiveness of collaboration within
the industry.
"Bosch
has strong technological expertise in fields such as mobility
solutions and renewable energies, as well as sensors and software
that connect things and devices. Through the collaboration with
experts from other domains within the industry, we actively shape
the industry by jointly developing innovative, ground-breaking
technologies," added Hayes. Several ongoing and successful
collaborations illustrate this.
In September
2014, for example, the Singapore Economic Development Board
(EDB) launched the Pre-Project Innovation
Consortium (PPIC) -- the first-of-its-kind in the building
industry worldwide. The platform will enableSingapore to
lead the adoption of cutting-edge technologies for green buildings
that are customised for a tropical climate. Bosch is offering its
Building Integrated Photovoltaic (BIPV) solutions to harness
renewable solar energy from building facades, which is particularly
suited for Singapore's urban,
high-rise landscape with small roof surface areas.
More
recently in February
2015, Bosch committed to collaborate with information and
communications technology service provider NCS's Solutions for Urbanised Future
([email protected]) initiative, as part of a larger ecosystem of
global technology players, local start-ups, and research institutes
to co-develop smart city solutions. Bosch will contribute its
domain knowledge and expertise in developing solutions for the
Internet of Things through its Bosch IoT Suite
2.0 that will enable Singapore to
be a world-leading smart, connected nation.
As a
global supplier of mobility solutions and the worldwide market
leader of Micro-Electro-Mechanical-Systems (MEMS) sensors, Bosch
participated in two research consortiums over the course of the
past six years with A*STAR, the lead scientific research agency
in Singapore.
Bosch was a part of the second phase of the MEMS Consortium since
2012 that aimed to accelerate MEMS technologies in mobile devices.
MEMS sensors are a key technology for the connected world. Today,
there is a Bosch sensor in every second smart phone around the
world. The company was also a member of the A*CAR consortium in
2008 that conducted pre-competitive research to drive technological
advancement and innovation in the automotive sector.
Bosch Group business outlook for 2015
The
Bosch Group expects global sales to grow within an exchange
rate-adjusted range of 3 to 5 percent in 2015. Speaking at the
company's recent annual press conference in Germany,
the Bosch CEO Volkmar
Denner said: "Our economic and technological strength
in established business fields is enabling us to tap into new
market segments." Web-enabled products and internet-based services
are one of the focal points of the company's future business. "We
are driving connectivity forward in all our business sectors and
playing an active role in shaping it," Denner added. In 2014, Bosch
launched many new products and connected solutions, including
software solutions for smart heating systems and buildings as well
as for connected industry and connected mobility. With the complete
acquisitions of BSH Hausgeräte GmbH and Robert Bosch Automotive
Steering GmbH, Bosch has strengthened its position in the fields of
smart homes and automated driving.
In Asia
Pacific, Bosch grew its sales 17 percent
(19 percent after adjusting for exchange-rate effects) in
2014, toSGD 22
billion (13 billion euros). At just under
27 percent of total sales revenue, the region's share of sales
reached a new high. Sales growth was especially strong
in China,
rising a nominal 27 percent to SGD 10.8
billion(6.4 billion euros).
Bosch in Southeast
Asia and Singapore
Robert
Bosch (South East
Asia) Pte Ltd is a regional subsidiary of the Bosch Group,
representing the Group's interests in Southeast
Asia, where it is currently present in Singapore, Malaysia, Indonesia, Thailand, Philippines,Vietnam, Brunei, Cambodia, Laos and Myanmar.
Business operations in the 10 ASEAN countries report
to Robert
Bosch (SEA) Pte Ltd, located in Singapore.
In fiscal 2014, the company generated SGD 260
million in sales inSingapore.*
As per April 1,
2015 the regional headquarters employed over 910
associates. Bosch has been inSingapore since
1923, active in Automotive Aftermarket, Power Tools, Security
Systems, Drive and Control Technology, Packaging Technology,
Thermotechnology, as well as Software and Systems Solutions.
The Asia
Pacific headquarters for the Bosch business divisions
of Automotive Aftermarket, Security Systems and Bosch Software
Innovations, as well as operations for Corporate Research and
Advance Engineering, and Information Technology, are part
of Robert
Bosch (SEA) Pte Ltd.
Additional Information can be accessed
at www.bosch.com.sg, www.facebook.com/BoschSingapore
Bosch worldwide
The Bosch Group is a leading global supplier of technology and
services. It employs roughly 360,000 associates worldwide (as
per April 1,
2015). The company generated sales of 49 bil-lion euros in
2014.* Its operations are divided into four business sectors:
Mobility Solutions, In-dustrial Technology, Consumer Goods, and
Energy and Building Technology. The Bosch Group comprises Robert
Bosch GmbH and its roughly 440 subsidiary and regional companies in
some 60 countries. Including its sales and service partners, Bosch
is represented in roughly 150 countries. This worldwide
development, manufacturing, and sales network is the founda-tion
for further growth. In 2014, Bosch applied for some 4,600 patents
worldwide. The Bosch Group's strategic objective is to create
solutions for a connected life. Bosch improves quality of life
worldwide with products and services that are innovative and spark
enthusiasm. In short, Bosch creates technology that is "Invented
for life."
Additional information is available online at www.bosch.com, www.bosch-press.com,http://twitter.com/BoschPresse
*The sales figures disclosed for 2014 do not include the former
joint ventures BSH Bosch und Siemens Hausgeräte GmbH (now BSH
Hausgeräte GmbH) and ZF Lenksysteme GmbH (now Robert Bosch
Automotive Steering GmbH), which have since been taken over
completely.
Contact
person(s) for press inquiries:
Amos Choy
DID: +65-6571-2057
Email: [email protected]