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Bosch and Siemens Pours USD160mn in China.
NANJING, August 27, SinoCast -- Bosch and Siemens Home Appliances Group (BSH) is speeding up its second round of investment in China, thirteen years after its foray into the country.
Different from the first round, the investment is characterized as exclusively foreign-funded. As the world's number three, and Europe's number one white goods manufacturer, BSH shows great interest in independent development in the Chinese market.
On August 25, 2008, Roland Gerke, president and CEO of BSH China, who just returned from the group's headquarters in Munich of Germany to Nanjing, told reporters that BSH's board of directors had great confidence in the company's …
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