Bosch boosts solar power investment

July 22, 2011
The German industrial group Bosch, widely known for electric appliances, power tools and auto parts, is investing more and more in photovoltaic systems.

The German industrial group Bosch, widely known for electric appliances, power tools and auto parts, is investing more and more in photovoltaic systems.

Bosch said on Friday that it had inaugurated a plant in Arnstadt, central Germany that took two years to build at a cost of 530 million euros ($760 million).

Some 1,000 jobs are expected to be created at the site by 2012, a statement said.

The new facility will comprise activities, solar cell production and the manufacturing of installation equipment destined for European markets.

A training centre is also to be set up there.

Bosch has also plans to build a solar panel factory in Malaysia at a cost of 520 million euros that will employ 2,000 people, in addition to a site in Venissieux, central France that is to begin operations in early 2012.

This year, the group's Solar Energy division should post sales of more than one billion euros for the first time, it said.

That remains modest however with respect to the group's overall activities, which employ 285,000 people worldwide and posted 2010 sales of 47.3 billion euros.

Explore further: Bosch plans Malaysia solar panel plant

Related Stories

Bosch plans Malaysia solar panel plant

June 22, 2011

German industrial group Bosch will invest 520 million euros ($750 million) in a solar panel factory in Malaysia, a statement said on Wednesday.

Siemens to cut 2,000 IT jobs in Germany

August 4, 2010

German industrial giant Siemens said Wednesday it would cut 2,000 jobs in its German IT solutions and services (SIS) unit, part of a broader cost-cutting programme initially unveiled in March.

Revived Infineon raises full-year targets

February 1, 2011

German semi-conductor company Infineon raised on Tuesday its 2011 sales and profit margin targets after posting a more than three-fold increase in net profit for the first quarter of its fiscal year.

Siemens to revamp IT unit, cut 4,200 jobs

March 18, 2010

German industrial giant Siemens announced on Thursday a broad restructuring of its SIS information technology division that includes the elimination of 4,200 jobs worldwide.

Recommended for you

Cryptocurrency rivals snap at Bitcoin's heels

January 14, 2018

Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it's not the most lucrative one and far from alone in a universe that counts 1,400 rivals, and counting.

Top takeaways from Consumers Electronics Show

January 13, 2018

The 2018 Consumer Electronics Show, which concluded Friday in Las Vegas, drew some 4,000 exhibitors from dozens of countries and more than 170,000 attendees, showcased some of the latest from the technology world.

Finnish firm detects new Intel security flaw

January 12, 2018

A new security flaw has been found in Intel hardware which could enable hackers to access corporate laptops remotely, Finnish cybersecurity specialist F-Secure said on Friday.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.