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Electronics Production | April 09, 2008

Bosch plans new office in Russia

Germany-based Bosch will invest €150 million in a new office near Moscow.
Rene Schlegel, head of Bosch in Russia, confirmed that the company builds a 94,000 sqm office near the Sheremetyevo airport in Moscow. Bosch's consolidated sales in Russia rose to €591 million 2007 (by 26%) and targets €1 billion by 2010.

The Russian media reports that almost all major car makers have opened or will open assembly plants in Russia. The demand for modern cars has grown significantly over the past few years.
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