This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Bosch Rexroth Opens Its Largest Hydraulics Production Campus In North America

FOUNTAIN INN, S.C., March 20, 2013 /PRNewswire/ -- South Carolina Governor Nikki Haley joined Bosch Rexroth Americas President Berend Bracht and executives from Robert Bosch LLC to formally mark the start of production at the company's newly expanded hydraulics manufacturing campus in Fountain Inn.

Headquartered in Charlotte, N.C., Bosch Rexroth is investing $80 million over five years to expand production in the new campus and convert an existing 260,000-square-foot industrial warehouse into a state-of-the-art manufacturing facility that will initially produce the industry-leading Rexroth A10VO hydraulic pump. The pump is used in a variety of applications, including mobile construction and agricultural machinery, mining, materials handling, and heavy industries, such as steel and automotive production.

With the addition of the new building, "Building 103," Bosch Rexroth has doubled its production capabilities at the location, making the Fountain Inn campus its largest hydraulics manufacturing site in the Americas.

"The Bosch investment for expanded production in Fountain Inn increases our ability to serve the needs of our local and regional customers," said Bracht. "In turn, this enhances their opportunity to participate in industrial and mobile equipment markets on a global basis, drawing on the support of a partner like Bosch Rexroth that is recognized around the world for superior technology, reliability, applications expertise and service."

Governor Haley praised the company for its decision to invest in South Carolina. "We truly value the commitment Bosch has made to be a part of our state's business community, and we are excited to see them invest in South Carolina," she said. "We celebrate the 160 new jobs the company will create with this campus and look forward to its continued success."

Building 103 is just the latest example of Bosch Rexroth's strategy to invest locally to serve global customers in key markets, and also to increase its market share in the Americas. Both strategies are seen as critical to long-term global growth for the company. Other recent programs contributing to The Drive & Control Company's growth include the expansion of its Charlotte, N.C., linear motion and assembly products facility; a new Houston Service Center dedicated to serving Gulf of Mexico oil and gas exploration; and the GoTo Focused Delivery Program, which provides industry-best lead times for delivery of more than 3,500 in-demand Rexroth drive, control and motion products.

Fountain Inn Building 103 is the largest investment by Bosch Rexroth in North America. To date, five assembly lines and multiple state-of-the-art machining centers have been installed for the production of the A10VO, along with one line for vane motor assembly. The entire facility operates utilizing a lean manufacturing and continuous quality improvement system called the Bosch Production System, which is used by Bosch production operations worldwide to ensure the highest levels of product quality.

The Fountain Inn project showcases Bosch Rexroth's desire to work cooperatively with local and state governments to improve U.S. manufacturing infrastructure.

Rexroth's commitment to local economic and workforce development was also highlighted through a $420,000 monetary and equipment donation from Bosch Rexroth together with the Bosch Community Fund to the Greenville Technical College to support the school's hands-on training program.

About Bosch Rexroth:

Bosch Rexroth AG is one of the world's leading specialists in the field of drive and control technologies. Under the Rexroth brand name, the company supplies more than 500,000 customers with tailored solutions for driving, controlling, and moving. Bosch Rexroth is a partner for Mobile Applications, Machinery Applications and Engineering, Factory Automation and Renewable Energies. The company provides customized solutions tailored to the needs and specifications of each individual market. As The Drive & Control Company, Bosch Rexroth develops, produces, and sells components and systems in over 80 countries. As part of the Bosch Group, Bosch Rexroth and its 38,400 associates generated approximately 6.4 billion euros ( $8.9 billion) in revenue in 2011.

To learn more, please visit www.boschrexroth-us.com.

About Bosch:

The Bosch Group is a leading global supplier of technology and services, active in the fields of automotive technology, energy and building technology, industrial technology, and consumer goods.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs