Bosch Australia announced yesterday that it would make a $40 million investment in its Clayton headquarters.
The project, reports the Herald Sun, includes building new testing facilities and offices, and was cited by President Gavin Smith that the German parent company had a great deal of faith in Australia. It is claimed the investment will create 89 new jobs.
“This investment is essential to ensure we provide an appropriately modern and collaborative
working environment for our employees, and provide facilities that better suit our activities now and into the future,” Smith said, according to the Herald Sun.
Victorian Premier Dennis Napthine similarly claimed the news as a “huge vote of confidence”.
The company is the Australian arm of the world’s biggest automotive parts supplier, and had previously this year discussed plans to transition away from automotive in Australia and increasingly target building and energy for its revenues. Smith said in June that he hoped these would make up 40 per cent of sales over time.
The company employs around 1,300 in Australia, and 842 at the Clayton site.