Bosch plans to invest 400 million euros in Mexico, expand its enrollment by 3,000 people for three years

According to foreign reports, the German supplier Bosch Group plans to invest 400 million euros (about 546 million US dollars) to expand business in Mexico to respond to the rapid growth in demand for parts and components in the North American market.

The German "StuttgarterZeitung" quoted Bosch CEO Volkmar Denner a few days ago that the company will invest 400 million euros in Mexico in the next few years and plans to add 3,000 locally in 2017. Employees.

Volkmar Dunner stated that as part of the above expansion plan, Bosch will establish a new R&D center in Mexico, and will also expand local production capacity for parts and components.

Because Mexico is located in the North American Free Trade Zone, in addition to the tariff advantages, there are labor costs that are much lower than in the United States and Europe. In recent years, vehicle manufacturers and component manufacturers have continued to expand local production capacity. The BMW Group is also about to announce a plan to build a new factory locally. The investment is expected to reach more than 1 billion euros.

In addition, Japanese supplier Denso Group also announced an expansion project for Mexico. It plans to invest US$53.8 million in its new Leong plant to expand transmission components for the North American market.