On August 28, 2015, Bosch officially opened its first Thermotechnology plant in Mexico in the city of Tepotzotlán, located approximately 50 kilometers north of Mexico City. Since June 2015, the international supplier of technology and services has been producing gas-fired instantaneous water heaters there for the Mexican and Latin American markets.
It plans to employ some 100 associates at the site by 2016. Bosch expects to see rising demand on the Mexican market for energy-efficient hot water generation. "As a result of its increasing importance as a business location, Mexico is a key pillar in our growth strategy for the North American market," said Bosch board of management member Werner Struth at the opening in Tepotzotlán.
"Locating production here allows us to position ourselves closer to our customers and better tailor our products to the local market," Struth added.
In addition to production, the site will also house R&D and certification departments. The company is investing some five million dollars into the 8,700-square-meter site.
Bosch in Mexico experiencing very dynamic growth: Bosch is clearly on course for growth in Mexico. In 2014, the company increased its sales by nearly six percent. This trend has continued this year. "We once again saw good sales growth in Mexico during the first half of 2015. We expect to sustain this positive development through the end of the year," Struth said.
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