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Bosch Malaysia seeks more opportunities in Iskandar

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PETALING JAYA: Bosch Malaysia is eyeing more business opportunities in Iskandar Malaysia, Johor.

Bosch Malaysia & Singapore managing director Martin Hayes (pic) said the technology-based company was well-positioned to leverage on growth within the region.

“The biggest opportunities are in the hotels, major flats and condominiums, as well as the resorts located there,” he told StarBiz.

“In the resorts, you need speaker systems, public announce systems and video recording systems. The bigger projects, meanwhile, require steam or hot water for the boiler systems. So that’s where our thermal technology division comes in.”

Hayes said Bosch Malaysia was already present within the Legoland and Hello Kitty theme parks in Johor.

Bosch Malaysia recorded an 8% growth in sales in 2012 to RM528mil from RM488mil a year earlier, underpinned by improved performances across its various business divisions. Sales for the company’s security systems division rose 24% year-on-year (y-o-y) in 2012, while its drive and control division gained 12% during the same period.

The company’s automotive original equipment division, meanwhile, increased 25% y-o-y. Hayes, who is also the president of Bosch South-East Asia, said he was optimistic about business outlook within South-East Asia.

“We’re very optimistic for this year. The world is going through changes. Europe can’t see when it’ll come out of the crisis, but South-East Asia was the highest growing in terms of sales for Bosch last year.

“So I believe that this region is definitely the decade for growth.”

On another note, Hayes said the decision by its parent, Germany-based Robert Bosch GmbH, to scrap plans to build a new solar facility in Malaysia was something “well thought-out.” “I think that was very unfortunate and there are some key reasons why. One of it was the fact that the sales price of solar panels dropped 40% last year.

“So, we looked at all the options available to us and there were many. We looked at it over a considerable amount of time and felt that the only way forward was to cease operations. It was something that we didn’t take very lightly at all”.

Bosch Solar Energy Malaysia Sdn Bhd reportedly purchased a 32.3ha plot of industrial land at the Batu Kawan Industrial Park in Penang last year.

- Thestar

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Bosch Malaysia seeks more opportunities in Iskandar
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