Bosch inaugurated its new $40 million Australian headquarters and technology centre last night and announced it would invest another $6.2 million to strengthen its diode production.
The wholly-owned local subsidiary of the German engineering giant was established in Australia in 1954 and described the facility as evidence of its long-term commitment to the region. Around 800 are employed at the Clayton site.
One hundred per cent of the diodes for the auto industry made at Clayton are exported. Around 200 engineers work at the Clayton facility for automotive projects.
“Australia is an important location for the Bosch Group,” Peter Tyroller, member of the board of management of the Bosch Group responsible for Asia Pacific, said in a statement.
“We have seen a positive development of our business in 2015 and we are confident of the market’s long-term prospects.”
The site was inaugurated by Victorian energy and resources minister minister Lily D’Ambrosio, who said the Bosch displayed, “a great vote of confidence in the underlying strength of Victoria’s economic fundamentals”.
The $6.2 million investment would boost capacity for diode manufacture and was supported by the federal government’s Automotive Diversification Programme.