The most popular and local unit of Germany-based appliance and auto parts maker, yesterday communicated that it will invest $60 million (62 billion won)in this year as it is ready to celebrate its 25th anniversary.
Hermann Kaess the Bosch Korea President and CEO in Seoul yesterday said that “Twenty-five years in Korea is an important milestone for Bosch”. Furthermore, he said that “We will also stay on course to support continuously the long-term growth in Korea.
For manufacturing of direct diesel injection and products related to gasoline direct injection to contribute Korea’s long-term development and localization efforts 60 billion won will be invested in the Daejeon plant, according to Bosch Korea.
Automakers will be required to attain fleet averages of 40 miles per gallon (17 kilometers per liter) and emissions related to greenhouse of 140 grams per kilometer by 2019, according to the Korean Ministry of Environment and emissions levels related to Greenhouse are expected to be similar to those in Europe.