Bosch Taiwan, the local branch of Germany’s top technology and services supplier, is seeking opportunities in areas of importance in Taiwan this year and beyond after its sales rose 24 percent last year despite economic headwinds.
Bosch Taiwan ended last year with NT$33.9 billion (US$1.1 billion) in consolidated sales, the sixth straight year of double-digit growth driven mainly by its mobility solutions and consumer goods businesses, the company said.
“We remain committed to the local market and its long-term potential despite current economic headwinds,” Bosch Taiwan chairman and managing director Andreas Schmidt told a media briefing on Thursday.
Photo: AFP
Bosch Taiwan is cautiously optimistic despite Taiwan facing an economic slowdown this year, Schmidt said.
“We aim to seize opportunities in areas of future importance — from semiconductors [and] sustainable technologies to digitalization,” Schmidt said.
Bosch Taiwan had about 540 employees as of December last year, up 8 percent from the previous year, the company said.
The increase came largely from the research and development divisions and the uptrend is expected to continue this year.
Its mobility solutions business was the firm’s biggest revenue catalyst, as it has long advocated active safety systems that save lives, it said.
Motorcycle anti-lock braking systems (ABS) continue to be its primary source of sales improvement among original equipment last year, it said.
Bosch Taiwan introduced motorcycle stability control systems to the local market last year to further enhance safety when braking while cornering, it said.
In the automotive aftermarket sector, Bosch Taiwan’s service alliance has grown into Taiwan’s largest brand-independent workshop network for European vehicles, it said.
The company welcomes more members to join the alliance, which provides professional services to drivers across Taiwan, it said.
Bosch Taiwan continues to supply micro electro-mechanical system sensors to meet demand from consumer electronics manufacturers, it said.
Inertial measurement units and accelerometers used in wearables, hearables and laptops played a key role in enabling features that shape improved user experience, Bosch Taiwan said.
Its consumer goods business had stable growth in Taiwan, it said.
The dishwasher segment in particular continued to drive sales growth for home appliances, thanks to robust demand, the firm said.
Energy and building technology business also performed well, with Bosch Taiwan promoting intelligent solutions for security systems, it said.
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