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Wednesday, August 23, 2017

Bosch Group expanding investments in Turkey

Germany's Bosch Group is planning to boost its investments in Turkey, where it already operates in several fields, including automotive technologies, household goods and energy.

"We expect an 11 percent increase this year," Steven Young, Bosch Turkey's general manager said at the company's annual press meeting, according to the Invest in Turkey government website. "Bosch plans to invest a total of [$183 million] in its operations in Turkey in 2014. The automotive systems plants in Bursa province will receive the majority of investments."

Bosch has already invested $2.7 billion in Turkey, with exports from the country reaching $1.5 billion last year, according to a statement by Young.

The company currently has more than 8,200 employees in Turkey and produces auto braking systems and diesel fuel injectors in five separate locations in Bursa.