Bosch Announces New Investment at Miskolc Site
Bosch, a leading global supplier of technologies and services, is further strengthening its Miskolc site, which is part of its power tools division. Its subsidiary Robert Bosch Power Tool Kft. will complete two investments worth a total of almost HUF 70 bln by the end of 2024.
The company will invest more than HUF 54 bln to create a logistics and distribution center in Miskolc to meet the ever-increasing storage and distribution needs, and more than HUF 15.7 bln to expand its production capacity.
The Hungarian government will provide a total of around HUF 10.2 bln post-financing non-refundable cash subsidies for the two investments on the basis of an individual government decision (EKD). The announcement of the investments was attended by Péter Szijjártó, Minister of Foreign Affairs and Trade, István Szászi, representative of the Bosch Group in Hungary, and László FükÅ‘, managing director of Robert Bosch Power Tool Kft.
“We owe our outstanding achievements to our internationally advanced technological infrastructure, expertise, and commitment. This investment underlines the importance of the Miskolc plant for Bosch,” emphasized FükÅ‘.
Investment Serving Key Logistics Functions
Bosch says that the aim of the large-scale investment is to create a highly automated warehouse structure in the Miskolc industrial park. The complex, which will cover almost 100,000 sqm, will serve several key logistics functions.
The new structure will become one of the leading finished product distribution warehouses within the company's power tools division in the Eastern European region. The current regional service center performing packaging activities amongst others, which was opened in 2017 and is within the same industrial area as the Miskolc site, will be relocated there as well, and the site will also serve as a finished product and raw material warehouse.
The newly announced investment to increase capacity at Bosch's Miskolc site will drive the development and production of new batteries, cordless power, and garden tools, boosting innovation, the company says.
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