Bosch will create a new production in Ukraine

Bosch will create a new production in Ukraine

08.01.2017 News

Representatives of the Antimonopoly Committee of Ukraine approved the deal between the German company Robert Bosch GmbH and the Chinese home appliance manufacturer Guangdong Vanward New Electric. It is about creating a joint venture on the territory of Ukraine. It is expected that production will specialize in the production of components for cars, gas appliances and other types of consumer products for home. It is reported by news portal InVenture.

As it is known, the German electrical company has been working in the framework of the Ukrainian market since 1993 year. Among the main activities of the corporation are industrial technologies, production of household appliances and building technology. It is worth noting that over the past few years Robert Bosch trade turnover declined by an average of 40% in Ukraine. Thus, the involvement of the Chinese shareholder of the development of Ukrainian business Bosch, apparently aimed at increasing the company’s share in the Ukrainian market.

Robert Bosch GmbH is a German multinational corporation, which includes more than 440 subsidiaries worldwide. The company was founded in 1886 by entrepreneur Robert Bosch. About 60% of the annual profit Bosch receives from the sale of car accessories.

Also read: The Antimonopoly Committee of Ukraine gave the “Gazprom” two months to pay the fine

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