Bosch plans to invest up to $100 million in Mexico this year
Fri May 07 2021
Mark Cooper (2614 articles)

Bosch plans to invest up to $100 million in Mexico this year

Germany’s Bosch, the world’s largest car parts supplier, said on Thursday it plans to invest up to $100 million in Mexico this year, a 15% increase, mostly in new manufacturing lines and digitization projects.

Bosch said the resources will be allocated to its operations in Toluca, Mexicali and Hermosillo, as well as the implementation of a network motion control system for auto parts production.

Last year, Bosch invested $87 million in Mexico and had annual sales of $2.7 billion there, a 20% drop from a year earlier due to the impact of the coronavirus pandemic.

Tags Germany
Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.