Occupying a land area of 160,000 square meters, the facility will manufacture push-belts for continuously variable transmissions (CVT) for a variety of car models.
CVT technology enables automobile engines to run at more efficiency speed ranges, increasing fuel efficiency by up to 15 per cent and thus lowering carbon dioxide emission levels by up to 10 percent.
Bosch intends to invest up to €55 million (US$79.6 million) and employ 800 workers in the project, the world’s largest auto-parts maker said in a press release issued Thursday.
“As the manufacturing of these CVT push-belts involves high tech and specialized production, we are hiring local Vietnam talent and sending them to Tilburg, the Netherlands, for training,” said factory manager Reinhard Kink.
The factory, Bosch’s second CVT manufacturing facility outside Germany, is scheduled for completion by the end of October 2009.
It is expected to produce up to 380,000 units in the first year and increase output to 2.3 million units by 2015.
Bosch Group opened a representative office in Ho Chi Minh City in April after being granted a license to set up a subsidiary Robert Bosch Vietnam unit last year.
Vo Quang Hue, the subsidiary’s managing director, said the project will contribute to developing the country’s automobile industry, which has been hampered by an under-developed parts manufacturing industry.
Reported by Minh Quang |
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