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Bosch Hungary revenue climbs to HUF 594 bln in 2012

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Revenue of German engineering company Bosch's business in Hungary rose 17% to HUF 594 billion in 2012, Bosch said on Thursday. Turnover in Hungary was practically flat at HUF 133 billion. The figures include sales within the group. Bosch's ten Hungarian units employed 8,500 people in 2012, 500 more than a year earlier. This year, Bosch expects revenue to continue to grow. It also wants to increase its research and development activities in Hungary. R&D spending of the business rose 38% to HUF 18 billion last year. CAPEX reached HUF 35 billion, including new lines at all three of its production bases and the start of construction of a HUF 30 billion Hungarian headquarters and engineering center in Budapest. The first building of the complex will be completed this summer and construction will wind up by 2015.

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