Bosch to Build $55M Auto Component Plant in Vietnam

Robert Bosch Vietnam Co., Ltd, subsidiary of German-based Bosch Group, plans to build a $55-million auto component production plant in Vietnam’s southern province of Dong Nai late this year.

Located in Long Thanh industrial park, the plant will specialize in manufacturing spare parts for Continuous Variable Transmission (CVT).

The subsidiary also plans to set up a software and technology center in Ho Chi Minh City in the third quarter of the year, proving its commitment for long-term investments in the Southeast Asian market.

Bosch Vietnam, which engages in the automotive aftermarket, drive and control technology, gasoline systems, power tools and security systems, earned revenues of EUR34.6 million last year.

Tags: Robert Bosch Vietnam, Vietnam automotive, Vietnam automotive industry

Posted by VBN on Jul 7 2010. Filed under Automotive. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry