Overall, the business divisions of Bosch developed well and in line with the market situation across the region. The Security Systems division achieved healthy growth, with the largest contributions coming from Indonesia, Thailand and emerging countries like Cambodia, Laos and Myanmar.
Bosch, a global supplier of technology and services, closed its 2013 fiscal year at $0.8 billion (SGD 1.05 billion) in consolidated sales in Southeast Asia's domestic market, remaining at a similar level to the year before. The total net sales of $1.82 billion (SGD 2.3 billion) within Southeast Asia, including sales of non-consolidated companies and internal deliveries to affiliated companies, amounted to a year-on-year increase of almost 10%. In Singapore, Bosch closed with consolidated sales revenue on the local market moderating to $179.2 million (SGD 227 million) after significant growth in the past years and following a surge in investments from the offshore industry.
In 2013, Bosch saw an overall increase of around 10% in manpower in Southeast Asia to more than 4,500 employees, underlining a healthy expansion across all countries. Currently, Bosch has 6 manufacturing plants across the region in Thailand, Malaysia and Vietnam, delivering a multitude of product categories such as power tools; automotive components and multimedia; and industrial technology. These products embody Bosch's 'invented for life' imperative for both local and worldwide markets.
Overall, the business divisions of Bosch developed well and in line with the market situation across the region. The Security Systems division achieved healthy growth, with the largest contributions coming from Indonesia, Thailand and emerging countries like Cambodia, Laos and Myanmar.
"Southeast Asia continues to be one of the focus markets for Bosch," said Martin Hayes, president of Bosch in Southeast Asia. "We anticipate an increased demand for our products and services with the rising consumption power across the 10 countries in Southeast Asia we are active in. We will ramp up our production and service capabilities in the coming years in line with this development."