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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

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

Bosch Thermotechnology is a leading European manufacturer of energy-efficient heating products and hot water solutions. In fiscal 2018, the company generated sales of about 3.5 billion euros (66 percent outside Germany) and employed approx. 14,200 people. Bosch Thermotechnology has strong international and regional brands and manufactures a diversified product range in Europe, America and Asia.

Further information is available online at www.bosch-thermotechnology.com.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 410,000 associates worldwide (as of December 31, 2018). According to preliminary figures, the company generated sales from operations of 77.9 billion euros in 2018. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. 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 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 Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in 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 125 locations across the globe, Bosch employs some 69,500 associates in research and development.

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

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