Hayes says Malaysia is one of the key locations in Asia for the development of technologies for global markets. Besides its industrial products, the company also produces consumer goods like appliances. The company's manufacturing presence in Malaysia is centred in Penang.
Malaysia continues to be the third-largest revenue contributor within South-East Asia for Germany’s Bosch Group, a leading global supplier of technology and services.
Total net sales in the country increased by 20% to RM2.9bil last year. This figure includes sales of non-consolidated companies and internal deliveries to other Bosch companies. Consolidated sales to third parties in the local market registered a slight dip compared to 2012, and came to RM485mil. This was mainly due to extraordinary effects such as increased austerity that cooled spending by consumers and businesses.
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