Business/economy

Natural disaster in Sichuan Bosch aids earthquake victims in China Associates and plants not directly affected

  • Donation of roughly 600,000 euros (RMB 5m)
  • Bosch aid directed at students and work to rebuild educational institutions
  • Bosch has been present in China for more than 100 years.
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  • May 07, 2013
  • Business/economy
  • Press releases

press release

Stuttgart / Shanghai – With a donation of roughly 600,000 euros, Bosch is supporting work to rebuild educational institutions in the southwestern Chinese province of Sichuan. On April 20, the region around the city of Ya'an was severely affected by an earthquake. According to the Chinese Seismological Institute, the earthquake had a magnitude of 7.0. There were no deaths or injuries at any of the Bosch locations in China. In addition, there were no reports of any damage to Bosch facilities. Production is continuing unaffected.

“We are very shocked by the severity of the earthquake. Our thoughts go out to the many victims, and our sympathy to their families and those who were injured,” said Chen Yudong, the president of Bosch China. Most of the Bosch donation is being spent on rebuilding schools and on supporting students and teachers affected by the disaster. The campaign is being coordinated by the Bosch location in Chengdu. The authorities are distributing the donation in the affected areas according to how urgently aid is needed. In addition, Bosch is organizing voluntary donations among its associates, to be used for the medical treatment of the injured and the restoration of damaged buildings.

In Sichaun province, the Bosch Packaging Technology and Power Tools divisions have a location in Pujiang County in Chengdu, less than 100 kilometers from Ya'an. The company also manufactures brake control and driver assistance systems in the province, and a call center and office premises are located in Chengdu. The Bosch Group has been present in China since 2009. In 58 operations, it now employs more than 34,000 associates.

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.

PI8127 - May 07, 2013

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