Bosch to invest $94 Million in Serbia for windshield wiper parts image

Robert Bosch GmbH, the multinational engineering and electronics company headquartered in Gerlingen will invest 70 million euros ($94 million) to build a factory to produce windshield wiper parts and systems.

Bosch has already signed the contract with Serbian government. Construction of the factory that is going to employ 620 workers will begin in 2012.

“From now on Bosch is also a Serbian company … The biggest struggle these days is the struggle for new jobs,” Boris Tadic, Serbia’s President, said in a TV broadcast after the signing ceremony in Belgrade.

The new production facility in Pecinci, which will be named Rober Bosch Belgrade, will be part of Bosch’s business system engaged in the production of electric motors for car seats and windows and wiper components.

According to Minister Ciric, Bosch’s investment in the Serbian economy is particularly important because it comes at a time when all countries face the economic crisis.

This is yet another confirmation that Serbia is an attractive country for foreign investors, a sign that the measures the Government undertook in the past, yield results.

Bosch is celebrating its 125th anniversary in 2011. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as a “Workshop for Precision Mechanics and Electrical Engineering.”
The Bosch Group comprises Robert Bosch GmbH and its more than 350 subsidiaries and regional companies in over 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries.