-Annual financial results 2014 in Singapore
-Industry collaboration in Singapore vital to developing new
technologies
SINGAPORE /PRNewswire/ --
Third-party sales of SGD
1.06 billion (672
million euros) and SGD
260 million (154
million euros) inSoutheast Asia and Singapore respectively
Further growth of workforce in Southeast Asia to around 6,600 associates
Industry collaboration in Singapore spurs development of future
technologies
In
fiscal 2014, Bosch, a leading global supplier of technology and
services, achieved a year-on-year sales growth of around seven
percent in Southeast Asia by generating SGD
1.06 billion (672
million euros).1 In Singapore, the company closed the fiscal year
at SGD
260 million (154
million euros) in sales revenue, posting a double-digit
growth of around 12 percent compared to the previous year.
"In
Southeast Asia we attained double-digit growth in most parts of the
region, with high potential markets such asIndonesia and the
Philippines performing exceptionally well,"
said Martin Hayes, president of Bosch in Southeast Asia, where Bosch is currently present in ten
countries. "Southeast Asia remains one of the fastest growing
regions for Bosch. We see an increasing demand for technology from
the rising middle-class, as well as from industrial, commercial,
and infrastructure projects."
As
of April 2015, Bosch had increased its workforce
in Southeast Asia to around 6,600 associates. This
figure includes associates from the company's complete acquisitions
of BSH Bosch und Siemens Hausgeräte GmbH(now BSH
Hausgeräte GmbH), and ZF Lenksysteme GmbH (now Robert Bosch
Automotive Steering GmbH), that were previously joint ventures.
Excluding these acquisitions, the workforce grew to around 5,400
associates, including newly-consolidated entities. Manpower
in Singapore increased slightly over the course of
2014.
Positive development across all business
sectors
The
Mobility Solutions business sector, formerly known as Automotive
Technology, continues to be the largest contributor to Bosch's
total revenue in Southeast Asia. It achieved regional sales at a similar
level to the year before, while securing double-digit growth
in Singapore. The acquisition of Robert Bosch Automotive
Steering GmbH added a plant in Penang, Malaysia, to Bosch's manufacturing portfolio in
the region. Furthermore, Bosch's first plant in Indonesia commenced production of automotive
components in mid-2014.
Consumer Goods was the fastest growing business sector in the
region. This development was mostly due to the successes of Bosch's
cordless range of power tools as well as laser rangefinders, in
addition to the penetration into online sales channels and widening
of offline distribution networks. The sales of BSH Hausgeräte GmbH
were not yet included.
Energy
and Building Technology sales achieved moderate growth
in Southeast Asia, but increased exceptionally
in Singapore, largely attributed to new security solutions
installed within commercial buildings over the course of 2014.
Growing demand for industrial automation and positive developments
within the marine and offshore industry contributed to the strong
progress of the Industrial Technology business sector in the region
and similarly in Singapore.
Strengthening industrial collaboration in Singapore
Many
opportunities for pioneering technological advancements exist
within Singapore. "Out of Singapore, we continue developing future-oriented
technologies and solutions for the local and global market," said
Hayes. The legislative framework favours protection of intellectual
property, while the mature technological ecosystem is teeming with
global leaders and research institutions involved in cutting-edge
innovations. These factors contribute to the attractiveness of
collaboration within the industry.
"Bosch
has strong technological expertise in fields such as mobility
solutions and renewable energies, as well as sensors and software
that connect things and devices. Through the collaboration with
experts from other domains within the industry, we actively shape
the industry by jointly developing innovative, ground-breaking
technologies," added Hayes. Several ongoing and successful
collaborations illustrate this.
In September 2014, for example, the Singapore Economic
Development Board (EDB) launched the Pre-Project Innovation Consortium (PPIC) --
the first-of-its-kind in the building industry worldwide. The
platform will enableSingapore to lead the adoption of cutting-edge
technologies for green buildings that are customised for a tropical
climate. Bosch is offering its Building Integrated Photovoltaic
(BIPV) solutions to harness renewable solar energy from building
facades, which is particularly suited for Singapore's urban, high-rise landscape with small
roof surface areas.
More
recently in February 2015, Bosch committed to collaborate with
information and communications technology service provider
NCS's Solutions for Urbanised Future
(SURF@NCS) initiative, as part of a larger ecosystem of
global technology players, local start-ups, and research institutes
to co-develop smart city solutions. Bosch will contribute its
domain knowledge and expertise in developing solutions for the
Internet of Things through its Bosch IoT Suite 2.0 that will
enable Singapore to be a world-leading smart, connected
nation.
As a
global supplier of mobility solutions and the worldwide market
leader of Micro-Electro-Mechanical-Systems (MEMS) sensors, Bosch
participated in two research consortiums over the course of the
past six years with A*STAR, the lead scientific research agency
in Singapore. Bosch was a part of the second phase of the
MEMS Consortium since 2012 that aimed to accelerate MEMS
technologies in mobile devices. MEMS sensors are a key technology
for the connected world. Today, there is a Bosch sensor in every
second smart phone around the world. The company was also a member
of the A*CAR consortium in 2008 that conducted pre-competitive
research to drive technological advancement and innovation in the
automotive sector.
Bosch Group business outlook for 2015
The
Bosch Group expects global sales to grow within an exchange
rate-adjusted range of 3 to 5 percent in 2015. Speaking at the
company's recent annual press conference in Germany, the Bosch CEO Volkmar Denner said: "Our economic and technological
strength in established business fields is enabling us to tap into
new market segments." Web-enabled products and internet-based
services are one of the focal points of the company's future
business. "We are driving connectivity forward in all our business
sectors and playing an active role in shaping it," Denner added. In
2014, Bosch launched many new products and connected solutions,
including software solutions for smart heating systems and
buildings as well as for connected industry and connected mobility.
With the complete acquisitions of BSH Hausgeräte GmbH and Robert
Bosch Automotive Steering GmbH, Bosch has strengthened its
position in the fields of smart homes and automated driving.
In Asia Pacific, Bosch grew its sales
17 percent (19 percent after adjusting for exchange-rate
effects) in 2014, toSGD
22 billion (13 billion euros). At just under
27 percent of total sales revenue, the region's share of sales
reached a new high. Sales growth was especially strong
in China, rising a nominal 27 percent
to SGD
10.8 billion(6.4 billion
euros).
Bosch in Southeast Asia and Singapore
Robert Bosch (South East Asia) Pte Ltd is a regional subsidiary of the
Bosch Group, representing the Group's interests
in Southeast Asia, where it is currently present
in Singapore, Malaysia, Indonesia, Thailand, Philippines,Vietnam, Brunei, Cambodia, Laos and Myanmar. Business operations in the 10 ASEAN countries
report to Robert Bosch (SEA) Pte Ltd, located
in Singapore. In fiscal 2014, the company
generated SGD
260 million in sales inSingapore.* As per April 1, 2015 the regional headquarters employed
over 910 associates. Bosch has been inSingapore since 1923, active in Automotive
Aftermarket, Power Tools, Security Systems, Drive and Control
Technology, Packaging Technology, Thermotechnology, as well as
Software and Systems Solutions. The Asia Pacific headquarters for the Bosch business
divisions of Automotive Aftermarket, Security Systems and Bosch
Software Innovations, as well as operations for Corporate Research
and Advance Engineering, and Information Technology, are part
of Robert Bosch (SEA) Pte Ltd.
Additional Information can be accessed
at www.bosch.com.sg, www.facebook.com/BoschSingapore
Bosch worldwide
The Bosch Group is a leading global supplier of technology and
services. It employs roughly 360,000 associates worldwide (as
per April 1, 2015). The company generated sales of 49
bil-lion euros in 2014.* Its operations are divided into four
business sectors: Mobility Solutions, In-dustrial Technology,
Consumer Goods, and Energy and Building Technology. The Bosch Group
comprises Robert Bosch GmbH and its roughly 440 subsidiary and
regional companies in some 60 countries. Including its sales and
service partners, Bosch is represented in roughly 150 countries.
This worldwide development, manufacturing, and sales network is the
founda-tion for further growth. In 2014, Bosch applied for some
4,600 patents worldwide. The Bosch Group's strategic objective is
to create solutions for a connected life. Bosch improves quality of
life worldwide with products and services that are innovative and
spark enthusiasm. In short, Bosch creates technology that is
"Invented for life."
Additional information is available online
at www.bosch.com, www.bosch-press.com,http://twitter.com/BoschPresse
*The sales figures disclosed for 2014 do not include the former
joint ventures BSH Bosch und Siemens Hausgeräte GmbH (now BSH
Hausgeräte GmbH) and ZF Lenksysteme GmbH (now Robert Bosch
Automotive Steering GmbH), which have since been taken over
completely.
Contact
person(s) for press inquiries:
Amos Choy
DID: +65-6571-2057
Email: amos.choy@sg.bosch.com
Source: Bosch
Related Links:
http://www.bosch.com