Bosch opens office in Singapore<\/p>\n
SINGAPORE: German industrial giant Robert Bosch will set up a
\nregional automotive operation in Singapore to spearhead its push
\nin the region, the company said Tuesday.<\/p>\n
Bosch, a major player in automotive technology, wants to
\nincrease its market share in this part of the world from seven
\npercent in 2002 to 10 percent in seven years' time, it said in a
\nstatement.<\/p>\n
The company's automotive aftermarket division has annual
\nrevenue of US$500 million from the Asia Pacific and is projecting
\nbusiness turnover will increase 30-40 percent by 2007 as a result
\nof its drive into the region.<\/p>\n
\"The objective of setting up a diagnostics distribution and
\nsupport organization is to provide additional focus for the
\ncompany's expansion,\" Bosch said.<\/p>\n
Bosch plans to invest US$10 million every year in diagnostics
\nand data warehousing as part of its regional expansion plan,
\nwhich includes increasing its car service network from 2,000
\ncenters last year to 3,000 in 2006. -- AFP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bosch-opens-office-in-singapore-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}