April 25, 2008 -- German-based Bosch group has officially inaugurated its 100% foreign-owned affiliate Robert Bosch Vietnam Co. Ltd. to proceed with the group's first facility to produce push belts for vehicles in the Southeast Asian country. The Vietnam-based €55 million factory can employ 800 employees by 2015, said Rudolf Colm, board member of Robert Bosch GmbH in charge of the Asia-Pacific region.
Construction on the 160,000-square meter facility will begin in July this year at Long Thanh Industrial Park of southern Dong Nai province and be completed by late 2009. Once operational, it will be able to produce 100,000 belts in the first year and 2.3 million units a year by 2015. All products will be exported to Asia Pacific markets. It is the world's second production base of Bosh group for push-belts used in vehicles with continuously variable transmission. CTV technology is known to enable automobile engines to run at efficient speed ranges, increase fuel efficiency and emit less carbon dioxide.
Abstracted from Vietnam News Brief Service
