Annual press conference 2017
Bosch posts stable performance in Southeast Asia
Connected solutions and eCommerce are growth drivers

Annual press conference 2017

Bosch posts stable performance in Southeast Asia
Connected solutions and eCommerce are growth drivers

- Good start into 2017 with sales up in Southeast Asia

- Third-party sales of SGD 1.17 billion (770 million euros) and SGD 162 mil-lion (106 million euros) in Southeast Asia and Singapore respectively in 2016

- Expansion of manufacturing footprint in Thailand and opening of new business hub in the Philippines

- Bosch Ville 2017 IoT conference: showcase of connected solutions, launch of industrial sensors and software solutions

- Bosch in Singapore awarded “Best Companies to Work for in Asia 2016”

Singapore – Bosch, a leading global supplier of technology and services, has seen a good start into 2017 in Southeast Asia. In Singapore, the company benefited from the tailwind in the automotive industry and stable flow of customer orders for its security systems. “In total, we expect our business in the region to grow at a moderate level this year despite challenging economic conditions,” says Martin Hayes, President of Bosch Southeast Asia. “Over the course of the year, we will expand our manufacturing capabilities, increase our distribution network including online platforms for extended product coverage, and ramp up solution and service offerings in the internet of things (IoT),” he continued.

In 2016, Bosch invested more than 120 million euros in Southeast Asia. As the region continues to gain importance as a global manufacturing hub, Bosch has set up a new automotive components manufacturing plant in Thailand to commence production by end 2017. Other investments included the opening of a business hub in the emerging city of Cagayan de Oro in the Philippines.

Bosch currently employs around 7,400 associates across Southeast Asia – eight percent more than in the previous year. More than 920 associates are working in Singapore.

Business development for 2016

Bosch concluded its 2016 fiscal year with SGD 1.17 billion (770 million euros) in consolidated sales in Southeast Asia, remaining at a similar level compared to the year before. Business developed especially well in the Philippines, Thailand, and Vietnam. In Singapore, the company recorded SGD 162 million (106 million euros). “Certain industries such as mining, offshore and marine, faced challenging market conditions, which affected our overall results in Southeast Asia. However, our Mobility Solutions business sector recorded double digit growth across Southeast Asia,” said Hayes.

Sales for the Consumer Goods, and Energy and Building Technology business sectors, remained at similar levels in Southeast Asia compared to the year before. Moving ahead, both business sectors will focus on developing sales channels and expanding Bosch’s product footprint in the region. The Industrial Technology business sector saw an optimistic uptake in its hydraulics and factory automation solutions, and will continue to focus on services and connected industry solutions to drive future growth.

Since 2016, Bosch has also expanded its product portfolio online in the region – from power tools to home appliances, automotive spare parts, professional audio and conference systems. Sales from eCommerce are experiencing healthy growth, and the company will pursue expansion of its online sales presence throughout 2017.

Making a difference in helping Singapore become a smart nation

Bosch sees many opportunities for its business with connectivity. “Singapore’s ambition to become the world’s leading smart nation is matched by its connectivity infrastructure and openness to new technologies. In a similar approach, Bosch is in the midst of its most fundamental transformation process ever. By developing new, fascinating offerings for our customers, we are shaping the world of tomorrow,” said Hayes.

The company has already introduced several products and solutions in Singapore that can help progress the country’s technological advancement in the internet of things. For example, Bosch today launched its Connected Industrial Sensor Solution (CISS) – a small but robust multi-sensor device that detects motion and environmental conditions. The CISS is intended for retrofitting industrial machinery to enable functions such as condition monitoring and predictive maintenance.

Bosch also recently launched its Production Performance Manager (PPM) Starter Kit to help Singapore’s SME manufacturers kick-start connected industry implementation. The software monitors and analyses production data generated by various sensors along the manufacturing process to reduce downtime and identify areas for improvement and streamlining.

Bosch inaugurates its first IoT industry conference in Singapore

Both new solutions were on showcase within the Industry 4.0 domain at Bosch Ville 2017 – an IoT conference organized by Bosch in Singapore for the first time on May 16. The one-day event included breakout sessions and panel discussions with industry experts. Besides Industry 4.0, Bosch also presented its latest connected innovations for the Singapore market, clustered into five other

domains of:

• Mobility – solutions included a connected automotive workshop concept employing augmented and virtual reality technologies that vastly improves the speed and accuracy of vehicle diagnosis

• Port and Airport – intuitive surveillance innovations to manage queues and crowds, including a Transport Data Logger sensor solution that tracks the handling and journey conditions of sensitive goods

• Commercial Services – intelligent solutions for commercial properties such as crowd, retail, and mood analytics; and elevator monitoring

• Residential – glimpse into how a smart home in Singapore might look like with Bosch’s connected home appliances and concept kitchen assistant robot, Mykie

• Agriculture – services involving sensors and software for agriculture and aquaculture

Bosch Software Innovations, the Bosch Group’s software solutions subsidiary with a development centre in Singapore, has been ramping up its local efforts to enable new solutions in all of these domains – for example with the creation of analytic tools and solutions for agriculture, lift management, as well as production planning for the Asia Pacific and global markets. Out of Singapore, the subsidiary is also driving IoT developments through its active contributions in the Eclipse Foundation, a platform that promotes open standards for greater interoperability.

Driving success through employee engagement and development

For Bosch to stay on course in a new connected economy, the ability of its associates to adapt the business to changing customer demands and expectations is crucial to future success. For its strategy of building up the next generation workforce, Bosch was honoured as one of the “Best Companies to Work for in Asia 2016” by HR Asia, Asia’s most authoritative publication for HR professionals.

Bosch Group: Global strategy and business outlook for 2017

For 2017, in light of a subdued economic outlook and geopolitical uncertainty, Bosch aims to achieve sales growth of between three and five percent. And despite still heavy upfront investments in safeguarding the company’s future, results are set to rise. “Business success today gives us the leeway to shape tomorrow’s world,” said Dr Volkmar Denner, Chairman of the Bosch Board of Management. “As an innovation leader, we are shaping and driving transformation,” Denner added. The focal points of this transformation are changes in the <u>mobility sphere</u> and <u>IoT connectivity</u>. By 2020, all Bosch’s new electronic products will feature connectivity. The key to this is <u>artificial intelligence</u> (AI). Over the next five years, Bosch will be investing 300 million euros in its own center for artificial intelligence.

In Asia Pacific, Bosch recorded a hefty 8.3 percent increase in sales in 2016 to 20.8 billion euros (exchange rate adjusted +12 percent). Bosch now generates 28 percent of its total sales revenue in Asia Pacific compared to 27 percent in the previous year.

 
 
 

Contacts


Vivien Goh
Senior Manager
Robert Bosch (South East Asia) Pte Ltd
Corporate Communications (Southeast Asia)
Phone: +65 9755 3952

 

2017-05-16 | Singapore | Corporate News

- Good start into 2017 with sales up in Southeast Asia

- Third-party sales of SGD 1.17 billion (770 million euros) and SGD 162 million (106 million euros) in Southeast Asia and Singapore respectively in 2016

- Expansion of manufacturing footprint in Thailand and opening of new business hub in the Philippines

- Bosch Ville 2017 IoT conference: showcase of connected solutions, launch of industrial sensors and software solutions

- Bosch in Singapore awarded “Best Companies to Work for in Asia 2016”

Singapore – Bosch, a leading global supplier of technology and services, has seen a good start into 2017 in Southeast Asia. In Singapore, the company benefited from the tailwind in the automotive industry and stable flow of customer orders for its security systems. “In total, we expect our business in the region to grow at a moderate level this year despite challenging economic conditions,” says Martin Hayes, President of Bosch Southeast Asia. “Over the course of the year, we will expand our manufacturing capabilities, increase our distribution network including online platforms for extended product coverage, and ramp up solution and service offerings in the internet of things (IoT),” he continued.

In 2016, Bosch invested more than 120 million euros in Southeast Asia. As the region continues to gain importance as a global manufacturing hub, Bosch has set up a new automotive components manufacturing plant in Thailand to commence production by end 2017. Other investments included the opening of a business hub in the emerging city of Cagayan de Oro in the Philippines.

Bosch currently employs around 7,400 associates across Southeast Asia – eight percent more than in the previous year. More than 920 associates are working in Singapore.

Business development for 2016

Bosch concluded its 2016 fiscal year with SGD 1.17 billion (770 million euros) in consolidated sales in Southeast Asia, remaining at a similar level compared to the year before. Business developed especially well in the Philippines, Thailand, and Vietnam. In Singapore, the company recorded SGD 162 million (106 million euros). “Certain industries such as mining, offshore and marine, faced challenging market conditions, which affected our overall results in Southeast Asia. However, our Mobility Solutions business sector recorded double digit growth across Southeast Asia,” said Hayes.

Sales for the Consumer Goods, and Energy and Building Technology business sectors, remained at similar levels in Southeast Asia compared to the year before. Moving ahead, both business sectors will focus on developing sales channels and expanding Bosch’s product footprint in the region. The Industrial Technology business sector saw an optimistic uptake in its hydraulics and factory automation solutions, and will continue to focus on services and connected industry solutions to drive future growth.

Since 2016, Bosch has also expanded its product portfolio online in the region – from power tools to home appliances, automotive spare parts, professional audio and conference systems. Sales from eCommerce are experiencing healthy growth, and the company will pursue expansion of its online sales presence throughout 2017.

Making a difference in helping Singapore become a smart nation

Bosch sees many opportunities for its business with connectivity. “Singapore’s ambition to become the world’s leading smart nation is matched by its connectivity infrastructure and openness to new technologies. In a similar approach, Bosch is in the midst of its most fundamental transformation process ever. By developing new, fascinating offerings for our customers, we are shaping the world of tomorrow,” said Hayes.

The company has already introduced several products and solutions in Singapore that can help progress the country’s technological advancement in the internet of things. For example, Bosch today launched its Connected Industrial Sensor Solution (CISS) – a small but robust multi-sensor device that detects motion and environmental conditions. The CISS is intended for retrofitting industrial machinery to enable functions such as condition monitoring and predictive maintenance.

Bosch also recently launched its Production Performance Manager (PPM) Starter Kit to help Singapore’s SME manufacturers kick-start connected industry implementation. The software monitors and analyses production data generated by various sensors along the manufacturing process to reduce downtime and identify areas for improvement and streamlining.

Bosch inaugurates its first IoT industry conference in Singapore

Both new solutions were on showcase within the Industry 4.0 domain at Bosch Ville 2017 – an IoT conference organized by Bosch in Singapore for the first time on May 16. The one-day event included breakout sessions and panel discussions with industry experts. Besides Industry 4.0, Bosch also presented its latest connected innovations for the Singapore market, clustered into five other domains of:

• Mobility – solutions included a connected automotive workshop concept employing augmented and virtual reality technologies that vastly improves the speed and accuracy of vehicle diagnosis

• Port and Airport – intuitive surveillance innovations to manage queues and crowds, including a Transport Data Logger sensor solution that tracks the handling and journey conditions of sensitive goods

• Commercial Services – intelligent solutions for commercial properties such as crowd, retail, and mood analytics; and elevator monitoring

• Residential – glimpse into how a smart home in Singapore might look like with Bosch’s connected home appliances and concept kitchen assistant robot, Mykie

• Agriculture – services involving sensors and software for agriculture and aquaculture

Bosch Software Innovations, the Bosch Group’s software solutions subsidiary with a development centre in Singapore, has been ramping up its local efforts to enable new solutions in all of these domains – for example with the creation of analytic tools and solutions for agriculture, lift management, as well as production planning for the Asia Pacific and global markets. Out of Singapore, the subsidiary is also driving IoT developments through its active contributions in the Eclipse Foundation, a platform that promotes open standards for greater interoperability.

Driving success through employee engagement and development

For Bosch to stay on course in a new connected economy, the ability of its associates to adapt the business to changing customer demands and expectations is crucial to future success. For its strategy of building up the next generation workforce, Bosch was honoured as one of the “Best Companies to Work for in Asia 2016” by HR Asia, Asia’s most authoritative publication for HR professionals.

Bosch Group: Global strategy and business outlook for 2017

For 2017, in light of a subdued economic outlook and geopolitical uncertainty, Bosch aims to achieve sales growth of between three and five percent. And despite still heavy upfront investments in safeguarding the company’s future, results are set to rise. “Business success today gives us the leeway to shape tomorrow’s world,” said Dr Volkmar Denner, Chairman of the Bosch Board of Management. “As an innovation leader, we are shaping and driving transformation,” Denner added. The focal points of this transformation are changes in the <u>mobility sphere</u> and <u>IoT connectivity</u>. By 2020, all Bosch’s new electronic products will feature connectivity. The key to this is <u>artificial intelligence</u> (AI). Over the next five years, Bosch will be investing 300 million euros in its own center for artificial intelligence.

In Asia Pacific, Bosch recorded a hefty 8.3 percent increase in sales in 2016 to 20.8 billion euros (exchange rate adjusted +12 percent). Bosch now generates 28 percent of its total sales revenue in Asia Pacific compared to 27 percent in the previous year.

About Bosch in Southeast Asia and Singapore

Robert Bosch (South East Asia) Pte Ltd is a regional subsidiary of the Bosch Group, representing the Group’s interests in Southeast Asia, where it is currently present in Singapore, Malaysia, Indonesia, Thailand, Philippines, Vietnam, Brunei, Cambodia, Laos and Myanmar. Business operations in the 10 ASEAN countries report to Robert Bosch (SEA) Pte Ltd, located in Singapore. In fiscal 2015, the company generated SGD 224 million in sales in Singapore. As per December 31, 2015, the regional headquarters employed around 920 associates. Bosch has been in Singapore since 1923, active in Automotive Aftermarket, Power Tools, Security Systems, Drive and Control Technology, Packaging Technology, Thermotechnology, as well as Software and Systems Solutions. The Asia Pacific headquarters for the Bosch business divisions of Automotive Aftermarket, Security Systems and Bosch Software Innovations, as well as operations for Corporate Research and Advance Engineering, and Information Technology, are part of Robert Bosch (SEA) Pte Ltd.

Additional Information can be accessed at:

www.facebook.com/BoschSingapore

About Bosch worldwide

The Bosch Group is a leading global supplier of technology and services. It employs roughly 390,000 associates worldwide (as of December 31, 2016). The company generated sales of 73.1 billion euros in 2016. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 120 locations across the globe, Bosch employs some 59,000 associates in research and development.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Further information is available online at:

www.bosch.com

www.iot.bosch.com

www.bosch-press.com

twitter.com/BoschPresse