“For 2015 and 2016, Bosch group planned investments of approximately EUR55 million in Romania, continuously analyzing the possibilities to expand the activity of its production units in Jucu and Blaj. The global vehicle production only rose marginally in 2015, while the turnover of Bosch group in mobility sector rose faster than the international auto market,” Robert Bosch officials told ZF Transilvania.
In 2014, Robert Bosch had a turnover of approximately RON520 million (EUR116.8 million), a net profit of RON6.4 million (EUR1.5 million) and approximately 671 employees, according to Finance Ministry data.
Bosch Service Solutions has been operating in Timisoara since 2013, and in 2014, it posted a turnover of RON52 million (EUR11.5 million), a profit margin of over 10% and had around 450 employees. In 2014, the turnover of the German group in Romania exceeded EUR210 million, according to ZF.
Last year, Bosch’s division Robert Bosch SRL got state aid worth RON71.2 million (EUR16 million) for investments of RON142.5 million (EUR32 million) in Jucu, Cluj county. The state aid was approved in October 2015, and will create over 620 new jobs, according to Finance Ministry data.
In April 2015, Bosch Rexroth division received EUR16.6 million state aid to invest EUR33 million in expanding its production of automotive sensor plant in Blaj, Alba county, that would create around 570 new jobs.
So far, Bosch received four state aids totaling EUR71 million, according to ZF calculations.
Bosch has been operating in Romania for over 20 years and has around 3,000 employees in Blaj, Cluj-Napoca, Timisoara and Bucharest.