Now celebrating its 125th year, the Bosch Group, a supplier of innovative technologies and services in automotive, industrial, consumer goods and building technology, revealed that it achieved annual sales of 47.3-B euros in 2010, the highest ever in its long history. The global upswing in sales revenue is expected to continue in 2011.
In the Philippines, Bosch posted strong Q1 performance, with the power tools business growing by a dramatic 49%, and the automotive aftermarket revenues growing by 19%. Bosch’s local portfolio now includes thermotechnology (heating systems) and automotive original equipment (OE) in addition to drives and controls (hydraulics), packaging technology and security sytems.
Bosch Philippines president Joseph Hong noted that: “Diversification through innovative products as well as business lines and our expanded local presence contributed to the very positive development.”
The newly established Bosch Communication Center is expected to have a stronger presence in the BPO market. It currently serves both internal and external clients and is proficient in all major Asian languages. It out-performed targets during its first year of operation. Plans are underway to expand its sales organization, increase voice service coverage for English-speaking markets, and offer more back office solutions for finance and accounting, as well as IT, travel and tourism.