Bosch closed its 2015 fiscal year with $50 million in consolidated sales in the Philippines, making it one of the fastest growing markets for Bosch in Southeast Asia. This was announced last week during the Bosch’s annual press conference held at the Blackbird in Makati City.
Compared to the previous year, the company achieved a strong double-digit growth of over 35 percent. This momentum was driven by a strong performance across the company’s diverse portfolio of products offered in the country, and particularly related to power tools, security systems and the automotive after-market business. Furthermore, Bosch’s Drive and Control business division officially commenced operations in the Philippines in April 2015. Over the course of the year, Bosch increased its workforce in the Philippines by over 50 percent to about 460 associates.