The additional investment will be used to enhance the production capacity and construct a new production area within the plant premises. With this investment, the company will have invested a total of €321 million (US$372 million) in the plant.
“This investment enables us to meet the increasing demand for continuously variable transmission pushbelts from automakers across the Asia-Pacific and North America. We are also on the way to turn the plant into a smart factory and start implementing Industry 4.0 solutions,” said Martin Hayes, President of Bosch Southeast Asia.
Bosch is one of the largest European investors in Vietnam, operating in all four areas: research and development (R&D), manufacturing, sales, and services.
The Gasoline Systems plant has been put into operations since April 2008, producing continuously variable transmission (CVT) pushbelts for worldwide automakers. By March 2017, the plant reached a significant milestone by producing its 20 millionth CVT pushbelts.
Starting operation in Vietnam in 2007 with 20 employees, Bosch now has more than 3,100 employees. Bosh offers free vocational training through Bosch Technical Industrial Apprenticeship (Bosh TGA) training program based on German vocational training standards in Dong Nai province.
Over 40 per cent of Bosch's human resources in Vietnam are working in two R&D facilities in Ho Chi Minh City: the Bosch Automotive R&D center, and the Software and Engineering R&D Center (Robert Bosch Engineering and Business Solutions Vietnam). By 2020, Bosch will have approximately 2,600 employees in both R&D centers.
Recently, Bosch has also cooperated with three major technical universities in Vietnam to carry out a project in which students have researched, developed and established three public electric motorcycle systems in HCMC, Binh Duong province and Da Nang city.