ROBERT BOSCH GMBH TO INCREASE PROCUREMENT FROM CHINA
AsiaInfo Services, March, 2007
AsiaInfo Services 03-16-2007 Robert Bosch GmbH to Increase Procurement from China BEIJING, Mar 16, 2007 (SinoCast via COMTEX) -- Robert Bosch GmbH, one of the leading auto parts suppliers in the world, is planning to increase its procurement spending in China to EUR 1 billion this year from EUR 300 million in 2006. Compared with the total procurement spending of EUR 20 billion, the spending in China is only a small part, disclosed a source from Robert Bosch GmbH. Under pressures from Japanese automakers, the competition in the US automotive market becomes furious.
Thus, many auto parts suppliers and complete car manufacturers begin seeking suppliers in China and India, in a bid to reduce their costs. For more than 20 years development, Chinese auto parts...
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