SINGAPORE, June 29, 2012 /PRNewswire-Asia/ -- In Southeast Asia, Bosch has announced its financial results for 2011, reporting over 11 percent increase in revenue from 2010, achieving a total of SGD 947 million in sales. Compared to 2010, Bosch expanded its work force by 22 percent to more than 5,000 associates across the seven Southeast Asian countries of Singapore, Malaysia, Indonesia, Thailand, the Philippines, Vietnam and Cambodia.
"Bosch has continued to perform well in Southeast Asia despite worldwide challenges such as the sovereign debt and currency crisis in other parts of the world, and calamities in Thailand and the Philippines in 2011," said Martin Hayes, President of Bosch in Southeast Asia, and Managing Director of Bosch in Singapore and Malaysia.
"We owe our success and growth to our associates for securing the outstanding performance of the company and making a positive social contribution to the less fortunate around them," added Mr. Hayes, referring to the flood relief efforts in Thailand.
Singapore moves up the Bosch performance ranking
2011 saw Bosch Singapore rising to become the second largest sales contributor for Bosch in Southeast Asia, growing by 15 percent year on year to achieve net sales of SGD 228 million. Bosch's workforce in Singapore increased by 18 percent, employing over 700 associates across the company's four locations in Singapore as of January 2012.
Commenting on the business performance of Bosch in Singapore, Mr. Hayes said: "Our business divisions in Singapore experienced strong growth in FY2011 in relation to the rest of Southeast Asia, despite a slowdown in the economic climate. Most notably, the Thermotechnology division in Singapore more than doubled its sales revenue, while it achieved an overall about 50 percent in Southeast Asia, year on year."
Similarly, Security Systems achieved over 50 percent growth in Singapore, while sales in Southeast Asia rose by around 10 percent. Drive & Control garnered an increase of almost 40 percent in Singapore and around 25 percent in the region; whilst the Automotive Aftermarket division attained over 20 percent growth in Singapore, and a sales increase of 15 percent across Southeast Asia.
Other divisions that posted growth include the Solar Energy division which grew about 70 percent in Southeast Asia as compared to the previous year, while Packaging Technology and Power Tools posted around 15 percent and 20 percent sales increase in the region respectively.
For media enquiries, please contact:
Amos Choy
Senior Officer, Corporate Communications (Southeast Asia)
Robert Bosch (South East Asia) Pte Ltd
DID: +65 6571 2057
Mobile: +65 9819 7741
Email: amos.choy@sg.bosch.com
Grace Cuenca
Account Director
Rice Communications
Tel: +65 6221 8322
Mobile: +65 8399 1890
Email: grace.cuenca@ricecomms.com
About Bosch in Southeast Asia and Singapore
Robert Bosch (South East Asia) is a regional subsidiary of the Bosch Group, representing the Group's interests in Southeast Asia. Legal entities in Malaysia, Indonesia, Thailand, Philippines, Vietnam and Cambodia report to Robert Bosch (SEA) Pte Ltd, located in Singapore. In fiscal 2011, the regional headquarters employs over 700 associates and generated SGD 228 million in sales. Bosch has been in Singapore since 1923, active in Automotive Aftermarket, Power Tools, Security Systems, Drive and Control, Packaging, Solar Energy, Thermotechnology, as well as Software and Systems Solutions. The Asia Pacific headquarters for the Bosch business divisions of Automotive Aftermarket, Security Systems, Solar Energy and Bosch Software Innovations, as well as operations for Corporate Research and Advance Engineering, and Information Technology, are part of Robert Bosch (SEA) Pte Ltd. Additional information can be accessed at www.bosch.com.sg.
About Bosch worldwide
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods and building technology, more than 300,000 associates generated sales of 51.5 billion euros in fiscal 2011. The Bosch Group comprises Robert Bosch GmbH and its more than 350 subsidiaries and regional companies in some 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing and sales network are the foundation for further growth. Bosch spent some 4.2 billion euros for research and development in 2011, and applied for over 4,100 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial. Additional information can be accessed at www.bosch.com.
