Bosch, a leading global supplier of technology and services, closed its 2015 fiscal year with USD 50 million (45 million euros) in consolidated sales in the Philippines. Compared to the previous year, the company achieved a strong double-digit growth of over 35 percent, marking the second consecutive year in which the Philippines was one of the fastest-growing markets for Bosch in Southeast Asia. This momentum was driven by a strong performance across the company’s diverse portfolio of products offered in the country and particularly related to power tools, security systems, and the automotive aftermarket business. Furthermore, Bosch’s Drive and Control business division officially commenced operations in the Philippines in April 2015. Over the course of the year, Bosch increased its workforce in the Philippines by over 50 percent to around 460 associates.
“Along with our expansion efforts in the Philippines, I am confident that our strength in innovation will continue to drive our growth”, said Andrew Powell, managing director of Bosch in the Philippines. “It is a very exciting time to be in Southeast Asia right now, particularly with the Philippines contributing strongly to Bosch’s growth in the region.”
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