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Bosch overestimated the capacity of the Russian economy

Bosch переоценила мощность российской экономики

About it in interview “Gazetesi” said a member of the Board of German company Uwe Raschke.

According to him, five years ago, Bosch had far-reaching plans for the Russian market, hoping that Russia’s economy will develop much more rapidly than happened in fact.

What is happening with the Russian economy in the last three years, Bosch was forced to descend from heaven to earth. The German company does not expect its growth in the current year, but does not exclude that the recovery will begin in 2017. At the same time to predict what will happen with oil prices, Bosch is not taken, and therefore more concerned about how to preserve existing investments than to develop in Russia further.

According to Uwe Raschke, Bosch sales in Russia in 2015 decreased to the level of 2009-2010. And the recovery will take the same amount of years, how much has been lost. And the volume of production in Russia fell by 30-40% in comparison with 2013. According to a member of the Board of the German company, Russia’s problem is an insufficient level of industrialization. Bosch difficult to find a vendor, and importing components in Russia, the company loses the benefits at a price that gives local production.

As for the plant for the production of automotive components Bosch in Samara, today it is running less production lines than originally planned. While this is only the production of ABS and ESP. But as soon as the German company will see that Russia’s economy is recovering, it will increase production and add new products at the Samara plant.

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