Bosch has announced its 2018 annual financial results for the Southeast Asian region. The company ended the fiscal year with S$1.34bn in consolidated sales across the region, a near five per cent increase as compared to 2017.
Bosch’s momentum was attributed to a high regional demand for connectivity solutions such as Internet of Things (IoT) and mobility solutions. With many businesses in the region embracing the digital transformation journey, Bosch anticipates that Industry 4.0 (I4.0) will continue to drive growth for the business. With decades of manufacturing experience and several regional I4.0 projects now in operation, Bosch enables businesses to maximise output through faster, more efficient and flexible plant controls.
One of the key projects is the Bosch Intelligent Microgrid for Asia, a microcontroller solution that manages and combines power from multiple energy sources such as solar panels, batteries or generators to achieve a reliable and stable energy supply.