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Bosch

Bosch

Industry: 
Manufacturing
Value of USG Contracts: 
193
Symbol: 
BOM:500530
States: 
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Country: 
Germany
Contact Information: 
Sources: 

 

"German auto parts supplier Robert Bosch is opening an office in Tehran and plans to hire 50 staff by the end of this year because it sees growing potential for Iran's car market following the lifting of international sanctions. 'We are delighted to be back in Iran. In our quest to pick up speed quickly, we are benefiting first and foremost from re-establishing contact with former local partners and customers,' said Uwe Raschke, Bosch's management board member responsible for Europe, the Middle East and Africa. 'The country's potential is tremendous. We expect to see the Iranian economy grow by just under 5 percent this year. The medium term is also highly promising.' A number of foreign carmakers, including Renault, Daimler, Peugeot Citroen and Suzuki Motor Corp have announced plans to re-enter Iran or step up production there since the United States and Europe partially lifted sanctions in January, under a deal with Tehran to limit its nuclear program.” (Reuters, "Car parts maker Bosch to open business, hire staff in Iran,” 5/9/2016)

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"German multinational engineering and electronics company Bosch, is ready to invest in Iran's pharmaceutical industry. The representative of Bosch Pharmaceutical Ltd and company's general manager for Africa and Middle East, Mazen Touban, met top Health Ministry officials, Mohsen Asadi-Lari, director-general for international affairs and Rasoul Dinarvand, deputy minister and head of the Food and Drugs Administration. The two sides discussed expansion of relations in healthcare technology and Bosch investments in medical engineering and pharmaceutical products." (IRNA, "Bosch may invest in Iran healthcare technologies," 10/28/15)

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"'Companies are already trying to sign letters of intent with Iranian trading partners to get a foot in the market,' said Juliane Emami, project manager at conference organizer Management Circle AG... Some industrial giants such as automotive parts producer Bosch GmbH, which signed its first contract, are already venturing back. ‘We've already signed our first contracts,’ said spokeswoman Trix Böhne. 'But this is all at very early stages and we will have to see how things develop.'" (The Wall Street Journal, "German Business Looks to Renew Iran Contracts," 8/3/14)

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According to Bosch's Turkey website, the Bosch representative in that country provides services to Bosch units and divisions both “in Turkey and Iran.” (Bosch Turkey Website, “Our Company: Representative of Turkey”)

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The Bosch Packing Technology division lists a local Iran agent on its website. (Bosch Packing Technology Website, “Your Bosch Packaging Technology Contact: Iran”) 

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Bosch's subsidiary, Bosch Power Tools, lists Abzarsara Co. as its Iran dealer while the Abzarsara Co. website advertises Bosch products and lists Bosch as a supplier. (Bosch Power Tools Website, “Bosch dealer”; Abzarsara Co. Website, “Home”; Abzarsara Co. Website, “Suppliers”)

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Bosch's subsdiary, Bosch Rexroth, maintains a relationship with Iran through the Iranian company Narvan Arra Ltd. (Bosch Rexroth Website, “Contact Service Hydraulics: Iran”).  On its Company Website, Narvan Arra states that “as the Sole Distributor and Service Partner for the entire Bosch Rexroth Group, [it] provides high quality components, modules or complete system solutions for Bosch Rexroth in Hydraulics, Pneumatics, Service Automation, Electric Drives and Controls, Linear Motion and Assembly Technology.” (Narvan Arra Website, “Homepage”) Rexroth AG manager Wolfgang Paul Rexroth is listed as a member of the German-Iran Chamber of Commerce election committee. (AHK Website, “AHK Iran: Board Elections”)

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"Dozens of European businesses have visited the country in recent months in anticipation of a thaw in relations over Iran’s nuclear programme that could rehabilitate the oil-rich country as a destination for business investment. Iranian and western businessmen say some tentative deals have been prepared, ready for signature once the interim nuclear agreement struck in Geneva last month is implemented…Bosch, the German technology and services conglomerate, said it was 'carefully monitoring current developments' in Iran. 'In general, we see good potential opportunities for our business, provided that the future political and legal framework will make this possible without restrictions,' it added." (Financial Times, "Merck tests ground for Iran partnership to produce medicines," 12/26/13)

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"Bosch, a supplier of building and industrial technology and consumer goods, markets its products in Iran through contract partners, according to its website, but does not have an office in Iran. 'We're doing very little business and this is handled through Turkey,' said Christian Fromek, a company spokesman. 'Our businesses have a civil purpose in providing auto components as well as consumer goods, such power tools and spark plugs. All of our activities respect current regulations in place.'"  The company has received $90.3 million in revenue and benefits from the US government for their investments in Iran during 2000-2009.  The company's activities in Iran are currently active.  (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

 

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"GIANTS WITH A FOOT IN TEHRAN: Total, Shell, Statoil, BNP Paribas, Commerzbank, MTN, UPS, Linde, Technip, Nokia, Ericsson, Peugeot, Renault, OMV, Societe Generale, ENI, Mitsubishi, Sumitomo, Siemens, LG, Samsung, Bosch, Valeo, Nestle, Unilever, BAT, Japan Tobacco." (The London Times, "American pressure threatens UK firms," 5/27/06)

Response: 

No response at this time.

Manufacturing conglomerate. Abzarsara Co. sells Bosch power tools and accessories throughout Iran.