Bosch shared an official statement today and “Despite a challenging year, we continued our growth in Turkey” said.
The official statement shared by Bosch on this subject was as follows: “Bosch Group, the world’s leading technology and service provider, exceeded its expectations in Turkey in 2023, despite the difficulties. The company achieved consolidated domestic sales of 2.3 billion Euros, an increase of 31 percent in Euro terms compared to the previous year. Including unconsolidated sales as well as internal deliveries to subsidiaries, it achieved total net sales of 4.4 billion euros, a growth of 6 percent in euro terms. With this financial performance, Bosch Türkiye became one of the leading exporters of the country in 2023.” Bosch Türkiye and Middle East President Daniel Korioth said the following about last year: “The increase in our sales in 2023 was mainly due to strong growth in all our business areas. This significant growth confirms our successful sales strategy and business partnerships in Turkey, our high production capacity and strong human resources.
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These impressive results under challenging conditions were achieved through the dedicated work of our approximately 19,000 employees in Turkey. “I would like to thank each of our employees for their dedication.” Korioth also “While we expect a challenging year in Turkey, we remain committed to the local market and the long-term potential of the country. “To benefit from this potential, Bosch will continue to develop competence in Turkey, especially in strategic growth areas such as electromobility, hydrogen ecosystem, machine and factory automation and digitalization.” said.
Stating that it is one of the largest international investors in Turkey, Bosch, in addition to the above, “On the 100th anniversary of the Republic, it invested an additional 172 million Euros in the country, increasing its total investment between 2000 and 2023 to 4.2 billion Euros. Continuing its commitment to innovation with the slogan ‘Technology for life’, the company’s total R&D expenditure in Turkey was 46.3 million Euros in 2023. “The number of employees in four R&D Centers in Bursa, Manisa and Tekirdağ and two Design Centers in Bursa and Istanbul increased by 85 people throughout 2023, reaching a total of 925 people.” passed his statement.