Business Services Industry
Security system sales to climb 20 percent next year in Thailand.
Knight Ridder/Tribune Business News, November, 2004
By Kanana Katharangsiporn, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Nov. 1--Robert Bosch, a company best known for automobile accessories and car audio, expects to see 20 percent growth next year in its security system business in Thailand on the back of installation contracts with banks and real estate projects.
Manop Homsuwan, the company's manager for security systems, said Bosch had won 20 contracts, worth around one million baht each, for security systems after banks were required to set up regional cash centres, starting on Oct 1.
Bosch only began marketing to commercial banks recently and it expects sales in the sector to expand even more.
The residential market has been another booming sector for Bosch...
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