Over the past several years, Bosch Rexroth has expanded its presence in North and South America, Eastern Europe and India. Today, the company announced that it is continuing its worldwide growth strategy by furthering its development activities with a newly acquired plant in Wujin, China.
Bosch Rexroth plans to invest € 83 million into the expansion in order to fulfill special regional requirements. Part of the investments will fund the building of an internal R&D center that is scheduled to go under construction in 2013. Engineers at the center will develop new products that are based on the German design platform, but adhere to the requirements of the company's local customers, according to Bosch Rexroth.
Developing more energy-efficient system solutions for its machines is Bosch Rexroth's focus in the expansion. The company is discussing approaches with Chinese manufacturers that will require 50 percent less energy to be used during production.
"Our 'local for local' strategy will help us tap additional market segments that could not be reached from Germany," said Dr. Bertram Hoffmann, member of the executive board at Bosch Rexroth. "In the long run, this will also ensure higher utilization at the German plants."
The company has had a presence in China for more than 30 years. The business has grown by roughly four times its original size since 2005, and currently employs about 3,900 workers. In 2011, Bosch Rexroth made nearly € 1 billion in sales in China.