MANILA, Philippines - Bosch, global supplier of technology and services, opened its first business hub outside of Manila in Mandaue City, Cebu.
"Southeast Asia is currently the fastest growing region for Bosch. The size of the Filipino domestic market holds great potential for Bosch to expand our operations beyond Manila into other cities," said Martin Hayes, president of Bosch Southeast Asia.
Cebu is seen a viable investment destination for foreign businesses, with its population size, high spending power and growth in property, business processing outsourcing and tourism industries.
"There is tremendous growth in sales and market interest generated from Cebu alone that makes it economically viable for us to expand into. A local presence in Cebu enables us to better serve the Visayan region with our diverse range of products and solutions across industries," Joseph Hong, managing director of Bosch Philippines, said.
In Cebu, Bosch sells power tools in 13 showroom locations. It has also established a Bosch Car Service workshop and Bosch Diesel Service.
Bosch Inc (Philippines) is a subsidiary of the Bosch Group, one of the world's largest privately owned industrial corporations.