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Germany's Bosch to forego expansion in Eastern Europe, CEO says
Journal Staff Report

KIEV, Jan. 13 - Bosch (Stuttgart, Germany), one of the leading auto parts and industrial equipment producers in the world, does not plan to build new plants in the Eastern region (Russia, Ukraine, Belarus, Central Asia and Caucasus) in the coming three or five years, including in Ukraine, Representative of the Bosch Group for the region and Robert Bosch CEO (Moscow, Russia) Gerhard Pfeifer said.

"In 2015, we finished our investment plan started in 2011, investing EUR 260 million in construction of four new plants and the headquarters in the region, and this is enough for the next three or five years, and this investment is to be returned," Pfeifer told reporters in Kiev.




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