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Bosch revenue in Hungary jumps 27% in 2010

Revenue of German engineering giant Bosch's businesses in Hungary climbed 27% to HUF 401 billion in 2010, the Hungarian unit said on Tuesday. The revenue rise exceeded that of the Bosch group.

Bosch invested HUF 21 billion at its businesses in Hungary, in the first place to expand capacity at its bases in Hatvan and Miskolc, in east Hungary.

Sales in Hungary rose 8% to HUF 118 billion.

Thomas E Beyer, who heads the Bosch group in Hungary, said growth was driven by export. Bosch raised headcount at its businesses in Hungary from 6,000 to 6,300 in 2010, he added.

Bosch's plant in Miskolc (NE Hungary) makes hand tools and motors for the machinery industry. The plants in Eger (NE Hungary) and Hatvan (E Hungary) make industrial systems. Bosch set up a vehicle technology development center in Budapest in 2005. The number research engineers at the center reached 505 in 2010.

Attila Horváth, managing director of the small power tools plant in Miskolc, said efforts would be made to reduce the number of the plant's suppliers from 220 while placing a greater emphasis on improving quality.

Max Nitzsche, who oversees Bosch's machinery plant in Miskolc, said the factory's revenue jumped 52% in 2010. It made 550 new hires and plans to inaugurate a second production hall in the autumn. An electric bicycle, among other things, will be made in the new hall.

Hatvan plant director Thomas Schönenberg said the factory's revenue growth reached 33% in 2010. The plant completed an expansion that boosted capacity by 12% and spent more than €37 million on developments during the year, he added.

István Ács, the top man in Hungary for pneumatic systems maker Bosch Rexroth, said the unit's stock of orders reached a record high in 2010. Among the unit's most important contracts was one for stage systems for the Kodály Center in Pécs. The plant makes 6,000 products with the help of 300 suppliers. It turned out four product families in 2010 and plans to introduce a fifth in 2011. The base has taken over capacity moved from Germany and Sweden, he said.

Bosch's headcount in Hungary rose last year and will rise this year too as the effect of a number of developments and capacity expansion grows, Beyer said. Bosch will continue to hire employees as well as use outsourced labor, he added.

Bosch is committed to making 200 new hires to man expanded research capacity, he said.

The Bosch group's consolidated global revenue rose 24% to €47.3 billion in 2011.