China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (3964)	12/23/2004 5:56:51 PM
From: RealMuLan	Read Replies (1) of 6370

GERMANY: Bosch plans large China investment 23 Dec 2004 Source: just-auto.com editorial team Bosch plans to invest €550 million euros ($US736 million) in China in the next three years, a senior board member told the Financial Times. Reuters reported that Rudolf Colm, a board member responsible for Bosch's Asia-Pacific business, told the newspaper the money would be spent on factories and would double the company's Chinese investments. He reportedly said Bosch, a privately owned industrial goods company, saw "enormous potential" in China and predicted a rise in vehicle sales there after 2006, which would help its automotive parts business. The FT reportedly said vehicle components accounted for 65% of Bosch's €36.3 billion worldwide sales last year. Colm said a €30 million advertising campaign would support its expansion in China, Reuters added. just-auto.com

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