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Press release #Bosch Home Comfort Group
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Bosch and Butane agree cooperation for residential heating and hot water systems in Iran

  • Iran is one of the most attractive thermotechnology markets with dynamic growth
  • Exclusive partnership for residential thermotechnology products
  • Cooperation covers production, distribution and after-sales service
Silke Bartels

Silke Bartels >

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Wetzlar/Teheran – Bosch Thermotechnology, Wetzlar, and Butane Industrial Group, Teheran, have agreed a cooperation for residential heating and hot water products in Iran. The partnership covers the production, distribution and after-sales service of Bosch-branded heating systems and domestic hot water products for residential buildings. The partners aim for a broad market presence in the most populated country in the Middle East, which is forecast to be among the world’s five largest thermotechnology markets in terms of volume in 2021.

Promising market, high potential

Particularly dynamic growth is expected for Iran in the coming years: A population of close to 80 million makes the country one of the most promising markets. 97 percent of the households in the cities and 70 percent of the households in the countryside are connected to the public gas grid. Bosch started selling its first products in Iran already back in 1924. Last year Bosch established a private joint stock company in the capital Teheran. With this the Bosch Group breathed new life into a long-standing connection to Iran. All Bosch business divisions are active in the country. Established in 1953, Butane Industrial Group has some 2000 employees and is the country’s largest manufacturer of wall-mounted heating boilers and gas water heaters.

“Iran has huge potential – it is an ideal market for expanding our international business. We are happy about the cooperation with Butane Industrial Group as a strong local partner. Iran is a dynamic market with a young, very well educated population. There is great interest in efficient and resource-saving technology. We want our innovative devices to support and drive the modernisation process,” said Thomas Bauer, member of the Management Board of Bosch Thermotechnology.

“Butane has served Iranian customers for more than 65 years, being present in more than 11 million homes today. We are excited about our cooperation with Bosch, a global leader in heating systems. We believe this partnership will create unrivaled value for our growing market: a wide range of eco-friendly products, nationwide retail access and exceptional customer service,” said Mohamad Abedi, president and member of the board of Butane Industrial Group.

Butane press contact:

Amin Esperouz

phone: +98 21 5101 3134

The Bosch Home Comfort Group is a leading European supplier of smart, sustainable and energy-efficient heating, cooling, well-being and process heat solutions. In fiscal 2022, the company generated sales of 4.5 billion euros (65 percent outside Germany) and employed approx. 14,400 people. The Bosch Home Comfort Group carries several well-known international and regional brands under its umbrella and manufactures a comprehensive product portfolio in Europe, America and Asia.

Additional information is available online at www.bosch-homecomfortgroup.com

The Bosch Group is a leading global supplier of technology and services. It employs roughly 428,000 associates worldwide (as of December 31, 2023). According to preliminary figures, the company generated sales of 91.6 billion euros in 2023. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. 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 Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 136 locations across the globe, Bosch employs some 90,000 associates in research and development, of which roughly 48,000 are software engineers.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com.

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