To further expand its regional commitment in China Bosch Packaging Technology intends to build a second production facility in Chengdu, Pujiang county in Sichuan province. The investment volume amounts to 17 million euros (150 million Yuan). An agreement concerning the use of a site of 66,000 square meter has now been signed. „Ten years ago, we started up in China with 14 associates. Since then, our sales have continuously increased“, said Friedbert Klefenz, President of Bosch Packaging Technology. In China the company currently employs some 400 associates at its site Hangzhou. For the current year Bosch Packaging Technology expects to reach sales of around 85 million euros (750 million Yuan) in the Chinese market with products manufactured either locally or in predominantly European Bosch factories.
With its production facility in China, Bosch primarily serves the regional packaging machine market which is estimated to grow by an annual average of 15 percent over the coming years. Klefenz explained: „Considering the enormous growth of the Chinese market we will use the new location in Chengdu to create additional capacities, as our existing facility in Hangzhou will reach its limit within the next two years“. The decision to build its new plant in Chengdu follows Bosch’s strategy to invest to a greater extent in the Western and middle regions of China. The new location’s land area is twice the size of the existing location in Hangzhou.
Share:
