Business/economy

Expanding international presence: Bosch lays foundation stone for first plant in Serbia Prime Minister Ivica Dacic to attend ceremony

  • Production start for automotive wiper systems planned for second half of 2013
  • Some 70 million euros to be invested by 2019
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  • September 25, 2012
  • Business/economy
  • Press releases

press release

Belgrade – The Bosch Group is laying the foundation stone for its first plant in Serbia in the presence of Prime Minister Ivica Dacic. The production facility, part of the Electrical Drives division, is currently being constructed in Pecinci, approximately 25 kilometers from Belgrade. The global supplier of technology and services will invest some 70 million euros in the site over the next seven years, and plans to employ 620 employees. Bosch signed the contracts for the construction of the approximately 22,000-square-meter automotive wiper system facility in December of last year.

Taking part in the ceremony alongside Prime Minister Dacic and representatives from Bosch is Mladjan Dinkic, the Serbian Minister of Finance and Economy. “We are extremely pleased with the collaboration with our local partners thus far, and we are confident the project will be completed successfully,” comments Jörg Hoffmann, head of the Wiper Systems business unit. “Products from this plant will have to satisfy high expectations in their technical and quality performance. Extensive training to associates will be given to assure we live up to these expectations,” continues Jovanka Jovanovic, General Manager of Bosch in Serbia.

Bosch is headquartered in Belgrade and present in Serbia since 2006. The company supplies products from the field of Automotive Technology, Power Tools, Security Systems and Thermotechnology to its customers in Serbia, Montenegro and Macedonia.

The new plant is part of the Bosch Electrical Drives division. With approximately 12,000 associates and more than 20 locations worldwide, the division offers innovative solutions and services for the electric operation of windows, steering columns, seats, and sunroofs. In addition, the division supplies motors for electrical power steering and electrically assisted two-wheelers, also known as pedelecs, as well as modules for engine cooling and vehicle air conditioning, water pumps and valves, and wiper systems.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 375,000 associates worldwide (as of December 31, 2015). The company generated sales of 70.6 billion euros in 2015. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers some 150 countries. The basis for the company’s future growth is its innovative strength. Bosch employs 55,800 associates in research and development at 118 locations across the globe. The Bosch Group’s strategic objective is to deliver innovations 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.”

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Additional information is available online at www.bosch.com and www.bosch-press.com, http://twitter.com/BoschPresse.

PI7930 - September 25, 2012

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