Bosch Group Posts Solid Growth In Hungary
- 22 May 2012 9:00 AM
Revenues of industrial group Bosch in Hungary rose 27% in 2011 to Ft 527 billion, head of Hungarian operations Javier Gonzalez Pareja announced last week. Sales rose 13% to Ft 134 billion on the domestic market mainly in the auto parts segment. Bosch added 1,700 new jobs in Hungary last year to about 8,000.
Bosch invested Ft 47 billion last year, double that of 2010. The company added a new auto parts factory in Miskolc with Ft 5.5 billion investment and laid the foundation for an R&D centre in Budapest, he added.
Bosch's R&D spending rose 18% to Ft 13 billion last year.
Source: Hungary Around the Clock
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