|Investment expected to create approximately 300 new jobs|
| - Bosch to invest $125 million in Charleston facility over the next five years|
- Manufacturing operations and environmental approach to be enhanced
- Investment focuses on fuel-efficient and safe automotive technologies
COLUMBIA, S.C. – Gov. Mark Sanford, the South Carolina Department of Commerce, Dorchester County and the Charleston Regional Development Alliance today joined Robert Bosch LLC to announce the company’s plans to expand its operations in Dorchester County.
“Over the next five years, we will invest approximately $125 million in our manufacturing facility in Dorchester County and we expect to create approximately 300 new jobs”, said Peter Marks, chairman, president and CEO, Robert Bosch LLC, and member of the Bosch Board of Management. “This new investment symbolizes Bosch’s ongoing commitment to environmental sustainability as well as to our North American manufacturing operations. By investing in our manufacturing processes, we continue to deliver high-quality products that make driving cleaner and safer like fuel injectors for clean diesel passenger cars while we reduce our impact on the environment.”
Bosch will add personnel and equipment to support production of its latest passenger car diesel and gasoline fuel injectors, and next generation anti-lock brake and electronic stability control systems for the North American automotive market. The company expects to begin creating new jobs based on this investment beginning in the second half of 2011. Additionally, as part of the company’s expansion, Dorchester County plans to provide reclaimed water for the company’s manufacturing processes. This initiative aligns with Bosch’s commitment to environmental sustainability while reducing the company’s utility costs and increasing its competitiveness. This sustainable alternative, which will be developed with the assistance of a grant from the U.S. Department of Commerce, Economic Development Administration (EDA) and matching funds from Dorchester County, will conserve 80,000 gallons of wastewater per day. The EDA grant is currently pending final approval.
Speaking on behalf of the company at an event announcing the investment today, Gene Oswalt, vice president and commercial plant manager, Robert Bosch LLC said, “We are very pleased to announce this investment which is designed to help us continue to strengthen our business at our plant in Dorchester County. Working with our colleagues from the State, the County and the Charleston Regional Development Alliance, we have been able to develop a plan through which we can invest in our facility and associates, strengthen our business and support Bosch’s global focus on environmental sustainability.”
“Today’s announcement is another positive sign that our efforts to improve the state’s business climate are paying dividends. This announcement adds to the growth we have witnessed in the manufacturing sector over the past several months. In fact, South Carolina has added 4,500 manufacturing jobs over the past seven months and Bosch’s job creation adds to this encouraging trend in our state. As well, Bosch’s expansion serves as an indication that our state’s automotive industry continues to present opportunity. The company is one with a long history in our state, but its decision to expand and create jobs here reiterates Bosch’s confi-dence in South Carolina’s workforce and its ability to meet the demands of a growing international corporation,” said Gov. Mark Sanford.
“Bosch is a world-class company, and its Dorchester County facility has been an important part of the state’s economy for more than thirty years. The company’s decision to make another large investment at its facility in Dorchester County is a strong testament that our state’s focus on the business fundamentals such as keeping taxes and regulatory burdens low are working to attract new investment. We thank Bosch for choosing to grow in South Carolina and wish the company continued success for decades to come,” said Joe Taylor, Secretary of Commerce.
The facility, located at 8101 Dorchester Road, currently employs more than 1,500 people and produces a wide range of clean diesel, gasoline, and chassis products. The Dorchester County facility has been in operation since 1974 and was the company’s first operation in South Carolina.
“Since 1974, Bosch has called Dorchester County home,” said Dorchester County Council Chairman Jamie Feltner. “We are proud to see their success and growth continue within the county.”
“By choosing our region for this latest expansion, Bosch is sending a powerful message to companies around the world,” said Sean Bennett, chairman of the Charleston Regional Development Alliance. “Collectively, our three counties offer an incredible combination of assets for world-class manufacturers, and this expansion proves just how competitive we’ve become. Congratulations to Bosch, and to everyone involved in this valuable economic development win.”
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 275,000 associates generated sales of $53 billion (38.2 billion euros) in fiscal 2009. The Bosch Group comprises Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in over 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for growth. Each year, Bosch spends more than $5 billion (3.5 billion euros) for research and development, and applies for some 3,800 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.
In the U.S., Canada and Mexico, the Bosch Group manufactures and markets automotive original equipment and aftermarket products, industrial drives and control technology, power tools, security and communication systems, packaging technology, thermotechnology, household appliances, solar energy and healthcare products. Having established a regional presence in 1906, Bosch employs over 20,000 associates in more than 70 locations, with reported sales of $7.3 billion in fiscal 2009. For more information, visit www.boschusa.com.
About S.C. Department of Commerce
The S.C. Department of Commerce works closely with economic development professionals throughout the state to recruit new jobs and investments and help existing businesses grow. Commerce has been recognized for its success in the areas of job creation and economic impact by Area Development and Business Facilities magazines. The S.C. Department of Commerce was one of 10 state economic development organizations to receive Area Development’s Silver Shovel Award in 2009 and Commerce received the 2009 Deal of the Year award from Business Facilities magazine. Southern Business & Development also awarded the S.C. Department of Commerce the “Deal of the Year” for the 2010 SB&D 100. Commerce received the recognitions for Boeing’s selection of North Charleston for the company’s second final assembly plant to support the 787 Dreamliner program. In addition to job and investment recruitment, the agency provides a range of business support services and offers grants for community development and infrastructure improvements. For more information, visit www.SCcommerce.com.
Charleston Release - December 2010