Bosch Sales Increase 8% in North America
FARMINGTON HILLS, Mich.
The Bosch Group North America reports that in 2005, North American sales increased by more than 8 percent, reaching $8.4 billion. Preliminary results indicate strong growth in all three of the company’s business sectors—Automotive Technology, Industrial Technology, and Consumer Goods and Building Technology.
The Consumer Goods and Building Technology business sector achieved growth of more than 6 percent, resulting in 2005 revenues totaling $1.7 billion. In North America, Consumer Goods and Building Technology employs nearly 5,500 associates and supplies products that include power tools, security systems, home appliances and thermo-technology. The Consumer Goods and Building Technology business sector worldwide increased its sales revenue by 6.1 percent to $12.5 billion.
Peter Marks, chairman, president and CEO, Robert Bosch Corp., credits the company’s focus on research and development. “On a worldwide basis, the Bosch Group invested 7 percent of its revenue into research and development, which enables us to develop high quality clean, safe, efficient and more comfortable products.”
Bosch’s future plans include growth in North and South America, and expansion of products and services within its Industrial Technology and Consumer Goods and Building Technology Sectors.
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