2008 saw marked increase in sales at Bosch Rexroth
Frankfurt am Main/Lohr am Main, Germany -- At some EUR 5.9 billion, Bosch Rexroth AG's sales for 2008 were up 9.8% ...
Frankfurt am Main/Lohr am Main, Germany — At some EUR 5.9 billion, Bosch Rexroth AG’s sales for 2008 were up 9.8% over 2007. The subsidiary of Robert Bosch GmbH anticipates a significantly weaker performance for 2009. However, Bosch Rexroth said it wants to safeguard as many jobs among its core workforce as it possibly can. The company said it is maintaining investment in research and development at above the average industry level.
The growth experienced in 2008 by the manufacturer of drive and control technologies was driven by developments in the German, European and Asian markets. “Despite some shortages in terms of raw materials and key semi-finished products, our associates worked to the limits of capacity during the first six months of the year, showing great commitment and working numerous additional shifts,” said Dr. Albert Hieronimus, chairman of the executive board of Bosch Rexroth AG, at an annual press conference in Frankfurt on March 10, 2009.
The company achieved its most pronounced growth levels with products and solutions in the areas of mobile and industrial hydraulics. Gearboxes and drive solutions for wind energy plants recorded the highest rates of growth.
Like other companies, Bosch Rexroth said it has been feeling the pinch of recession since the second half of 2008 and expects to see a decline in sales during 2009. The removal of stable planning foundations makes it difficult to predict business performance in the short and medium term, it noted. “That’s why we’re taking things one day at a time, as are most of our customers,” explained Hieronimus. However, he went on to emphasize that, “the long-term growth trend in our markets remains intact.”
Capacities for wind power gearboxes expanded
Bosch Rexroth said it also envisages positive developments during the current fiscal year, especially as the company is represented in all phases of the value-add chain in the global economy and can thus exploit all market opportunities for growth. “The global push to expand facilities for generating renewable forms of energy is having a stimulating effect on our business,” Hieronimus pointed out.
Bosch Rexroth is increasing its production capacities for wind power gearboxes with a new plant in Nuremberg and the expansion of production at its Chinese site in Beijing. The American, Chinese and Indian governments are all promoting the rapid expansion of wind power plants to protect themselves from rising energy costs and reduce CO2 emissions. Bosch Rexroth intends to participate in this market growth by providing the markets with gearboxes and drive solutions.
Pressure to rationalize is also growing massively in all industries. This is increasing demand for innovative automation solutions. “Our customers are currently developing new machinery and plant concepts,” affirmed Hieronimus. “We are gearing up for precisely this demand with innovations and consistently high-level investment in research and development.”
The Bosch subsidiary spent around EUR 260 million on research and development in 2008. This represents 4.5% of turnover, a figure above the average for the sector, as in previous years. Around 2,200 specialists at Bosch Rexroth are working on new products, solutions and services.
Bosch Rexroth Canada is the Canadian partner company of Bosch Rexroth AG. Under the brand name of Rexroth, the company supplies more than 500,000 customers with tailored solutions for driving, controlling and moving machinery used in industrial and factory automation as well as in mobile applications.
For more information, visit: www.boschrexroth.ca.