Bosch: Global products, local talent and facilities

Bosch has a range of businesses, but is best known as the world's largest maker of auto components. [Shao Chang / For China Daily]

German auto components and electrical equipment giant Bosch concluded its 2013 fiscal year with a record sales revenue of 41.2 billion yuan in China, a significant growth of 18 percent from the previous year.

"This outstanding performance demonstrated the lasting strength and success of our innovative technologies and localized solutions," said Peter Tyroller, board member of Bosch responsible for the Asia-Pacific region.

"China will have stable growth, which will ensure a healthy business environment with dynamic opportunities. We aim to further strengthen our position in China, and we strive to achieve double-digit growth in the years to come as well," he added.

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Bosch's automotive sector grew almost twice as fast as the market in China in 2013.

Sales in its other three business sectors also reflected the development of their respective industries in the past year.

In 2013, Bosch opened a plant for automotive aftermarket products in Nanjing, a chassis plant in Chengdu and an automotive test and technology center in Donghai, Jiangsu province.

This year, its joint venture Mahle Turbo Systems opened a plant in Shanghai to produce turbochargers for gasoline engines and a plant for diesel systems in Qingdao.

Bosch currently has 17 technical centers in China.

The number of Chinese associates working in R&D increased to 3,300, more than 10 percent of Bosch's total headcount in China.

Its power tools business reported moderate revenue growth.

In the energy and building technology sector, the thermotechnology division performed well thanks to its expanded portfolio and energy-efficient condensing appliances, while the security systems division experienced a slight decrease.

In the industrial technology business sector, its drive and control technology division has not yet fully recovered, but there are signs that the construction market is stabilizing.

The packaging technology division also achieved moderate growth.

Bosch attributed continued success in China to ongoing efforts in localization at its various operations.