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xxx 2011-11-14

Rexroth Expands in South Carolina

Rexroth Expands in South Carolina

Berend Bracht, Regional President, Bosch Rexroth Americas

Fountain Inn, SC, November 14, 2011 - Governor Nikki Haley, the State of South Carolina Department of Commerce and Bosch Rexroth today announced a significant expansion of Bosch Rexroth's existing hydraulic manufacturing operations in Greenville County. The $80 million investment is expected to generate 160 new jobs over the next five years.

Bosch Rexroth will expand its manufacturing operations in Fountain Inn with the addition of a new building and land. The company has purchased the former GlaxoSmithKline building near its current facility, creating a manufacturing campus for its operations in Greenville County. The additions will also create room for the company to grow in the future.

"Bosch Rexroth has been an important part of our state’s business community for a while now, and we are excited to see them continue to invest in South Carolina. We celebrate the 160 new jobs the company will create and look forward to the company’s continued success in the Palmetto State," said Gov. Nikki Haley.

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Bosch Rexroth AG is one of the world’s leading specialists in the field of drive and control technologies. Under the Rexroth brand name, the company supplies more than 500,000 customers with tailored solutions for driving, controlling, and moving. Bosch Rexroth is a partner for Mobile Applications, Machinery Applications and Engineering, Factory Automation and Renewable Energies. The company provides customized solutions tailored to the needs and specifications of each individual market. As The Drive & Control Company, Bosch Rexroth develops, produces, and sells components and systems in over 80 countries. As part of the Bosch Group, Bosch Rexroth and its 34,900 associates generated approximately 5.1 billion euros in revenue ($6.8 billion) in 2010.

The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 285,000 associates generated sales of 47.3 billion euros ($62.7 billion) in fiscal 2010. The Bosch Group comprises Robert Bosch GmbH and its more than 350 subsidiaries and regional companies in over 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spent 3.8 billion euros (approximately $5 billion) for research and development in 2010, and applied for over 3,800 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.

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