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Robert Bosch GmbH is a German company which was started in 1886 by Robert Bosch. Bosch businesses include: Bosch is a leading global supplier of automotive and industrial technology and of consumer goods and building technology. The Bosch Group comprises some 280 subsidiary companies. The objectives of the Bosch Group's activity are sustained profitable growth and the safeguarding of its independence which allows it to pursue long-term strategies. In 2005, worldwide sales of the Bosch Group came to 41.5 billion euros. The number of employees around the globe in the three business sectors Automotive Technology, Industrial Technology, and Consumer Goods and Building Technology in 2005 came to approximately 251,000. The headquarters of Bosch is in Stuttgart. Franz Fehrenbach became chairman on July 1, 2003.
Ownership The Robert Bosch Stiftung ("Robert Bosch Foundation") holds 92% of the shares of "Robert Bosch GmbH", but no voting rights. The Robert Bosch Industrietreuhand KG ("Robert Bosch Industrial Trust KG") (old members of the company management, agents of the Bosch family and other eminent people from the industry such as Jürgen Hambrecht (CEO of BASF) have 93% of the voting rights, but no shares. The remaining shares and voting-rights are held by the descendants of the company founder Robert Bosch. Industrial Technology Bosch's subsidiary Bosch Rexroth is a supplier of industrial technology. Through this division, Bosch supplies technologies for driving, controlling, and moving machines. These technologies serve Bosch's two core markets – factory automation and mobile hydraulics. Bosch's packaging technology division plans, designs, manufactures and installs packaging lines for manufacturers of confectionery, food, and similar products. Bosch is the largest supplier of packaging technology. Consumer goods and power tools Bosch caters to the areas of consumer goods and building technology with its power tool, thermotechnology, and security systems, as well as with its household appliances business within the BSH Bosch and Siemens Hausgeräte GmbH joint venture. With its brands Bosch, Skil, Dremel, and RotoZip Bosch manufactures power tools for the building trade, industry, and do-it-yourselfers. The product range also includes accessories such as drill bits and saw blades, as well as gardening appliances. In thermotechnology, Bosch has meanwhile begun manufacturing heating units and hot water appliances. BSH Bosch and Siemens Hausgeräte GmbH, in which Bosch and Siemens each hold a 50% share, is one of the world's top three companies in the household appliances industry. In Germany and western Europe, BSH is the market leader. Its portfolio includes the principal brand names Bosch and Siemens, the Gaggenau, Neff, Thermador, Constructa, and ufesa brands, and a further six regional brands. Bosch household appliances for the North American market are mainly manufactured at its factory near New Bern, NC. Its competitors include Viking Range, Sub-Zero Refrigerator, Wolf Appliance (a division of Sub-Zero Refrigerator), Dacor, and Miele. Bosch also supplies electronic security systems. History | ||||||||
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