New plant for industrial boilers and wall-mounted conventional boilers in Engels, Russia
Boost for thermotechnology business in the Russian growth market
* Start of construction in first quarter of 2013; completion planned for start of 2014
* Total investment of some 21 million euros
* Roughly 170 new jobs to be created by 2016
Wetzlar/Engels – The Bosch Thermotechnology division plans to set up a new manufacturing facility at the existing Bosch location in Engels, Russia. It will produce industrial boilers and wall-mounted conventional boilers. Construction of the new plant is due to start in March 2013, with completion planned for the first quarter of 2014. Some 21 million euros are to be invested in total. If all goes to plan, some 170 new jobs will be created by 2016, 100 of them in production and 70 in administration.
Apart from the manufacture of boilers for industrial and commercial use, with an output of 2.5 to 6.5 megawatts, wall-mounted conventional boilers are also to be made in Engels. With an output of 18 to 28 kilowatts, these boilers are used for heating and hot water generation. In addition, a department for the further modification of industrial boiler series is to be set up. It will employ some 20 associates.
“Our new Engels site will secure us clear advantages when it comes to competitiveness and positioning in one of the world’s largest markets for heating technology,” said Uwe Glock, the president of the Bosch Thermotechnology division. “We can now offer our products at significantly lower logistics costs, as well as adapt them even better to the requirements of the Russian market.”
Bosch has been present in Engels, which is in the European part of Russia and some 850 kilometers from Moscow, since 1996. Its Automotive Aftermarket, Gasoline Systems, and Power Tools divisions are based there. Some 1,500 associates work for Bosch in Engels.
Bosch Thermotechnology is a leading European manufacturer of resource-efficient heating products and hot water solutions. In fiscal 2011, the company generated sales of 3.1 billion euros (68 percent outside Germany) and employed approx. 13,900 people. Bosch Thermotechnology has strong international and regional brands and manufactures a diversified product range in 21 plants in 11 countries in Europe, North America and Asia.
Further information ist available online at www.bosch-thermotechnology.com.
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 roughly 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 is 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.
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