SHANGHAI -- Robert Bosch GmbH will invest 240 million yuan ($354 million) to expand its existing plant and build a new technical center in an economic development zone in the central China city of Changsha.
According to its agreement with the zone administration, Bosch will lease 30,000 square meters of land for the plant expansion and construction of the r&d facility.
Bosch will complete the project in mid-2012, according to the zone administrator's Web site.
Bosch's Changsha plant was established in 2004 and makes actuators, wipers, thermal systems, starters and generators for automakers. The expansion will double the plant's production capacity.
With 350 engineers, the new r&d center will serve Bosch's electrical drives division and its starters and generators division. Bosch also operates technical centers in Shanghai, Suzhou, Wuxi and Chongqing.
Bosch ranks No. 2 on the Automotive News Europe list of the top 100 global suppliers, with sales to automakers of about $25.62 billion in 2009.