Like most major fluid power companies are reporting, Hoffman Estates, Ill.-based Bosch Rexroth said today that it has returned to a growth course in 2010 and will make considerable gains again this year. The company said it increased sales by 22% to 5.1 billion Euro. "Bosch Rexroth understood the market changes as an opportunity and translated them into strong growth," explained Dr. Karl Tragl, president of Bosch Rexroth AG, at the annual press conference in Frankfurt. This year is set to be yet another year of growth — the number of incoming orders doubled last year to approximately 6 billion Euro. "That puts pre-crisis peak values back onto the horizon faster than assumed just one year ago," highlighted Dr. Tragl. This year, the company will continue to expand its international activities and again anticipates double-digit growth.
Bosch Rexroth was able to gain global market shares during the first half of 2010 in markets still suffering from the effects of the crisis. The company achieved the strongest growth in Asia, where it increased sales by 38% to 1.4 billion Euro. China became the largest single market outside of Germany. Business volumes in North and South America increased by 36% to 829 million Euro. For the first time ever, Brazil was among the company's top ten countries with the strongest sales. "Just like it did in India, our longtime local presence is paying off in Brazil. We are experiencing above-average growth in these markets," said Dr. Tragl. Overall business increased by 9% to 1.6 billion Euro in Europe (without Germany). Sales in Germany developed significantly stronger, where 2010 sales were 18% above the previous year's value at 1.3 billion Euro.
Berend Bracht, president and CEO of Bosch Rexroth Americas concurs: "We're extremely pleased with our progress in Brazil, and also with the better-than-expected recovery in our business sectors in North America in 2010. Our strategy of combining global and local capabilities for the best possible customer result should also position us well for continued success in 2011."
In 2010 Bosch Rexroth invested over 260 million Euro in research and development. Last year's R&D; share was 5.3%, a figure well above the industry average.
Visit www.boschrexroth-us.com for more details.