Bosch makes one million euros of immediate aid available for Japan
Initial support for victims of catastrophe
Further activities to follow in due course
* Fehrenbach: initial token of deepest sympathy
* Active presence in the country for 100 years
Stuttgart – The Bosch Group is making one million euros available as immediate aid for the victims of the earthquake and tsunami in Japan. This will support the relief work being carried out currently in the country by the Japanese Red Cross. Further measures will be taken once there is a clearer picture of the extent of the damage and of the reconstruction work that needs to be done.
“The catastrophe in Japan deeply shocked us all at Bosch. This donation is a token of our deepest sympathy,” said Franz Fehrenbach, the chairman of the Bosch board of management. He added that one could at present only guess at the actual extent of the destruction. For this reason, he explained, Bosch intended to postpone any decision as to how Bosch could best help the country and its people in the work of reconstruction. Bosch has been present in Japan for 100 years. The company currently employs some 8,000 associates in the country, at 36 locations. They develop and manufacture products for divisions in the Automotive Technology, Industrial Technology, and Consumer Goods and Building Technology business sectors.
The Bosch Group is a leading global supplier of technology and services. According to preliminary figures, some 283,500 associates generated sales of 47.3 billion euros in the areas of automotive and industrial technology, consumer goods, and building technology in fiscal 2010. The Bosch Group comprises Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in over 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 is the foundation for further growth. Bosch spent some four billion euros for research and development in 2010, and applied for over 3,800 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.
Bosch is celebrating its 125th anniversary in 2011. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as a “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.
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