April 23, 2008 -- Bosch Rexroth AG, parent company of Bosch Rexroth Corporation in North America, announces $7.4 billion in sales for 2007 -- up 8.8 percent from the previous year. The company is also expecting continued strong growth in the mobile applications, industrial automation and renewable energy sectors in 2008.
Sales in the Americas region grew by 3.1 percent in dollars in 2007. Unfortunately, because of the changing currency rate, the company recorded a 5.5 percent decline in Euros. The U.S. will continue to be an important automation technology market for Bosch Rexroth, a supplier to practically every branch of the plant automation and machinery OEM business.
The strong sales can be attributed to industrial hydraulics and large gear systems for wind farms, said Berend Bracht, president and CEO of Bosch Rexroth Corporation. With investments in the range of $517 million, Bosch Rexroth has significantly increased its worldwide production capacity. Bracht also indicated more capacity expansion is planned for 2008 in Central and Eastern Europe, Germany and the U.S. With production capacity increases for large gear systems used in wind energy plants, Bosch Rexroth is preparing to meet the fast-growing demand for renewable energies coming especially from the U.S. and Asia.
Abstracted from Market Wire
