Bosch Philippines targets double-digit growth this year
More service workshops
Bosch Philippines' automotive aftermarket business, one of its largest business divisions in the country, is looking to add nine service workshops this year.
"We're still expanding this service workshop concept. We are targeting nine more across the country this year," said Sangjo Park, country sales director for automotive aftermarket.
Park said they see continued growth in the automotive industry, which expanded by 11 percent last year, and this will drive the business segment's double digit growth this year.
Currently, the automotive aftermarket business division has expanded its local network to 26 Bosch Car Services Workshops, two Bosch Diesel Centers and eight Bosch Diesel Service Workshops.
Bosch's power tools division, which also posted a double-digit growth in the previous year, aims to sustain this momentum and add more to its dealer network on the performance of the country's construction and industry sectors.
"The construction and industry sectors are very strong so we're seeing strong growth [in the power tools division]. We are looking forward to expanding our geographic footprint. If there are areas that are underserved, we will look in to expanding," Hong said.
Bosch carries eight product lines of power tools across nearly 300 showroom location through its dealer network.
Hong also said the security systems and thermotechnology divisions are also expected to expand with the real estate sector's continued growth.
"The other two divisions, security systems and thermotechnology, they're riding on the property sector, so we'll see more growth in that segment," he said.
The security systems division supplies fire detectors, video security, public address and conference systems to both private and government organizations in the country, including the House of Representatives and the Senate.
On the other hand, the thermotechnology division has an extensive portfolio of high-tech power generating systems, cost-efficient heating and cooling solutions for large-scale commercial and industrial applications. — VS/KBK, GMA News