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Section: Business News - German power-tools manufacturer Bosch is confident its operations in Thailand and Asia Pacific will this year grow at three times the industry average, the Bangkok Post reports.
The firm's power-tool business growth would be at least last year's 12%, said Klaus Thunig, vice-president of Bosch Power Tools Asia Pacific.
The company's current growth rate is three times the Asia-Pacific market's of about 4% to 1.3 billion.
The 2-billion North America market plunged deepest, by 10% last year, while Europe, the world's largest portable electric power tools market, dropped by 3% to a market value of 3.9 billion.
"Our strategy is …