Bosch president update from Essen 2012

This year's security fair takes place at a time that is characterized by worldwide political and economic challenges. Security is an all-important factor here, meaning that our market is experiencing incredible dynamics in many regions and more subdued investment activity in others. In 2011, growth in the world market for security technology amounted to a little more than 3 percent. China, the ASEAN states, Russia and Latin America, in particular, made outstanding contributions toward this trend. In Europe, however, the financial crisis prevented several countries from achieving higher levels of growth.
Bosch Security Systems achieved sales of US$1.865 billion in 2011, which was 5 percent more than the previous year. In ...more