Thursday, May 13, 2010

Bosch opens Southeast Asian office for green technologies

German industrial group Bosch on Wednesday opened its Southeast Asian headquarters in Singapore focusing on environmentally clean technologies.

The office will be the new location for Bosch's solar energy operations in Southeast Asia, Japan and South Korea, the company said.

"Within five years, we will invest a good €15 million ($19 million) here, studying how this technology can be used to generate electricity from solar radiation in the future," Bosch chairman Franz Fehrenbach told a news conference.

The Singapore office will also house Bosch's business divisions providing resource-saving and environmentally friendly innovations and technologies for the region, the company said.

Fehrenbach said the Singapore base will help Bosch strengthen its expansion into the Asia Pacific market, its second largest next to Europe.

The Asia Pacific last year accounted for 20 percent of the firm's global sales, or €7.7 billion, which for the first time surpassed revenues from the Americas. Bosch aims to increase the region's share to 30 percent by 2015.

To read more: http://www.thelocal.de/money/20100512-27147.html

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