Bosch to invest 200 euros million in Turkey in 2015

ISTANBUL - Anadolu Agency

AFP Photo

Bosch announced an investment plan of 200 million euros ($223.6 million) for Turkey this year on May 12.

In his keynote speech at Bosch’s annual meeting, President of Bosch Turkey and Middle East Steven Young said the company has full confidence in Turkey and believes in its potential.

“In Turkey, where we have invested more than 2 billion euros [$2.24 billion] in 43 years, we made investments worth 135 million euros [$150.9 billion] in 2013. And we have a plan to invest 200 million euros in 2015.” Young said.

As of January 2015, Bosch has subsidiaries in 16 countries in the Middle East, Young said. 

Bosch Turkey, with over 15,000 employees, is the fifth-largest Bosch division globally after Germany, China, India and the United States and the second-largest in Europe after Germany in terms of employment.

The company plans to put a considerable amount of its new investment into the division in Bursa, where it will further develop fuel injectors known to reduce fuel consumption by one-third and also new generation injectors compatible with the EU’s “Euro 7” carbon emission standards.