Bosch marked the official opening of a high-tech facility in Vietnam for the production of push belts used for Continuous Variable Transmission (CVT) in automobiles.
Situated at Long Thanh Industrial Zone, Dong Nai Province, the plant is part of the Bosch Group’s Gasoline Systems division and spans over a land area of 160,000 square meters. It will produce up to 1.6 million push belts in its first year, which can be fitted into vehicles ranging from sub-compact cars to sports utility vehicles with diesel, gasoline or hybrid engines.
Dr. Rolf Bulander, President of the Bosch Group Gasoline Systems division, commented on the opening,
“With the majority of our customers located in Asia, we expect our production volume in the new facility to rise to 2.3 million units by 2015 to support the growth of the automobile industry, in particular for the Japanese and Chinese automotive markets.”
Mr. Dinh Quoc Thai, Vice Chairman of People’s Committee of Dong Nai Province, stated:
“During its course of operation, it is expected that Bosch will fully observe the environmental protection rules, take good care of its workers, help improve their skills, and maintain the company’s good quality products and prestige. On the part of the local authorities, we will create favorable conditions for the company’s operations.”
When announcing construction of the plant last year, Bosch said it expected to employ around 700 engineers by 2015.
The subsidiary Robert Bosch Vietnam Company Limited has been present in in the South-East Asian country since 2008.