Expansion in the Philippines
Bosch establishes regional business hub in Davao
Regional business hub to serve Mindanao region
- Market potential in Mindanao a strong cause for local presence
- Completing market coverage of three major regions in the Philippines
- Opportunities in Davao’s progressive services sector
Davao, Philippines – Bosch, a leading global supplier of technology and services, today opened its first business hub in Davao City, marking the company’s foray into the Mindanao region and completing its market coverage of all three major regions in the Philippines. Earlier in May this year, Bosch opened a business hub in Cebu to serve the Visayan region.
“In recent years, Davao has strengthened its position as the financial and services hub of Southern Philippines. This presents new market opportunities for Bosch’s diverse portfolio of solutions that we can offer for government services, transportation, real estate, business subsectors and property development,” said Joseph Hong, Managing Director of Bosch Philippines. “A local presence in Davao enables us to effectively serve our customers across the Mindanao region, including the provinces of Cagayan de Oro, Surigao and Butuan.”
Known as the Crown Jewel of Mindanao, Davao City ranks number 87 in the world’s fastest-growing cities. According to the National Statistics Coordination Board (NSCB), the service sector remained the largest contributor to the economy of Davao at 53 percent and led the city’s growth at 9.2 percent in 2012. Davao’s construction industry recovered from 2011, growing by 13.7 percent in 2012. Davao accounts for 26.6 percent of economic activities in Mindanao.
Business activities in the different sectors
Bosch is serving several sectors within the regional market. The new business hub serves as a service center for power tools, technical training facility, and showroom for Bosch products.
Bosch power tools are now available in seven locations across the region, as well as at a service center in Davao City that offers parts and accessories to consumers.
The company has also established two Bosch Car Service (BCS) workshops and two Bosch Diesel Service (BDS) centers in Davao and Davao del Norte, offering professional diagnosis, maintenance and repair services for all gasoline and diesel vehicle models.