Bosch Rexroth sales hit $6.2 billion
Orders in 2006 reached about $6.9 billion (5.5 billion Euro). Within the same period, the company increased its workforce by about six percent to more than 29,800.
For 2007 Bosch Rexroth expects continued growth in sales. In the business year 2007 Bosch Rexroth AG expects organic growth, at least at previous years level, said Manfred Grundke, Chairman of the Executive Board of Bosch Rexroth AG.
Referring to the significantly higher number of orders received at the beginning of the year 2007, Grundke noted, We assume that this trend will continue and we are preparing ourselves for this promising future by expanding our capacities and implementing numerous innovations.
In 2006 Bosch Rexroth increased sales by about seven percent. Sales grew 16 percent in Middle and Eastern Europe and 14 percent in Asia, including 33 percent growth in China. Sales in North and South America declined slightly in a difficult economic environment. Worldwide, since 2002 Bosch Rexroth has achieved growth of about $1.6 billion (1.3 billion Euro) an increase of 36 percent. In 2006 the company also increased the number of employees worldwide by over 1,500. This is attributed partially to the additional production capacity implemented in Asia and Europe.
Great investments in innovative solutions
In 2006 Bosch Rexroth invested 295 million (235 million Euro) in fixed assets, especially toward additional production capacities in Middle and Eastern Europe, Asia and America, and toward efficiency improvements in Germany. The company increased its expenditure for research and development by 14 percent to $276 million (220 million Euro), which equals about 4.5 percent of sales in 2006.
Strong growth in wind and sea energy
A leading supplier for wind energy turbines, Bosch Rexroth boosted sales by almost two thirds to about $150 million (120 million Euro) in 2006. The company expects the demand for renewable power generation systems to continue to rise, in particular in Asia and America. Beyond wind energy, Bosch Rexroth is developing drives and gearboxes for sea power systems in close cooperation with system manufacturers. This technology utilizes flow and waves for the generation of electricity. Still an emerging technology, wave power generation creates outstanding potential for a greater market share of renewable energy worldwide.
Bosch Rexroth AG, part of the Bosch Group, achieved sales of approximately $6.2 billion (4.9 billion Euro) in 2006 with over 29,800 employees. Under the brand name of Rexroth the company offers all drive and control technologies, from mechanics, hydraulics and pneumatics to electronics and associated service. Over 500,000 customers worldwide utilize Rexroths unique technological know-how to implement their innovative and future-oriented systems and machine concepts. The global player, represented in over 80 countries, is an extensive supplier of components and systems for industrial and factory automation and mobile applications.
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