Announcing the investment, Peter Tyroller, the member of the Bosch board of management responsible for Asia Pacific, said: "Southeast Asia is an important region for the Bosch Group. To support growth in the region, we are planning to invest around 80 million euros in Southeast Asia this year. In the past ten years, Bosch has invested almost 500 million euros in the expansion of its manufacturing and development locations in Southeast Asia.With presence in all ten Asean member countries, Bosch sees a broad range of opportunities from Southeast Asia. In Malaysia, Bosch manufactures power tools, products for the Car Multimedia division, and steering systems. In Thailand, Bosch manufactures washing machines, wipers, and gasoline systems.To Tyroller, Southeast Asia is also becoming increasingly important for the group’s global R&D network.

Source: The Nation Bangkok September 26, 2016 06:45 UTC