Latest news with #BoschMalaysia
Barnama
24-07-2025
- Business
- Barnama
Bosch Appoints Darren Chan As Managing Director For Malaysia
BUSINESS KUALA LUMPUR, July 24 (Bernama) -- Bosch has appointed Darren Chan Chon Hoe as managing director of Bosch Malaysia, the first Malaysian to assume that position, effective July 1, 2025. The new role is in addition to Chan's existing responsibilities as Bosch Rexroth Malaysia's chief executive officer and managing director, as well as Bosch Rexroth ASEAN's regional technology leader for industrial hydraulics, a statement said today. Chan succeeds Vijay Ratnaparkhe, the regional president of Bosch in Southeast Asia, who had served as interim managing director for the past 11 months. "With this appointment, Ratnaparkhe will now fully resume his regional responsibilities," the statement said. Chan brings over two decades of experience in industrial automation, having held leadership roles across Southeast Asia in sectors including electronics, semiconductors, automotive, and general industries, the statement said. He is honoured by the appointment and considers it an opportunity to contribute meaningfully to Malaysia's development. "By combining Bosch's more than a century of presence in Malaysia and over 3,700 associates across the country with my experience, I aim to strengthen public–private collaboration and advance continuous talent development, both of which are key to raising the country's gross national income per capita,' he said. Chan added that Bosch's worldwide footprint, with about 490 subsidiaries in over 60 countries, allows the company to combine global experience with local understanding. -- BERNAMA
The Star
24-07-2025
- Automotive
- The Star
Bosch appoints Darren Chan as MD for Malaysia
KUALA LUMPUR: Bosch has appointed Darren Chan Chon Hoe as managing director of Bosch Malaysia, the first Malaysian to assume that position, effective July 1, 2025. The new role is in addition to Chan's existing responsibilities as Bosch Rexroth Malaysia's chief executive officer and managing director, as well as Bosch Rexroth ASEAN's regional technology leader for industrial hydraulics, a statement said today. Chan succeeds Vijay Ratnaparkhe, the regional president of Bosch in Southeast Asia, who had served as interim managing director for the past 11 months. "With this appointment, Ratnaparkhe will now fully resume his regional responsibilities," the statement said. Chan brings over two decades of experience in industrial automation, having held leadership roles across Southeast Asia in sectors including electronics, semiconductors, automotive, and general industries, the statement said. He is honoured by the appointment and considers it an opportunity to contribute meaningfully to Malaysia's development. "By combining Bosch's more than a century of presence in Malaysia and over 3,700 associates across the country with my experience, I aim to strengthen public-private collaboration and advance continuous talent development, both of which are key to raising the country's gross national income per capita,' he said. Chan added that Bosch's worldwide footprint, with about 490 subsidiaries in over 60 countries, allows the company to combine global experience with local understanding. - Bernama
The Star
13-05-2025
- Automotive
- The Star
Bosch Malaysia posts highest-ever revenue in 2024
Vijay Ratnaparkhe, regional president of Bosch in Southeast Asia KUALA LUMPUR: Bosch Malaysia recorded its highest-ever turnover in 2024, marking a significant increase from the previous financial year. Its total net sales jumped nearly 31% year-on-year (YoY) to €1.466 billion (RM7.26bil) in 2024, including sales from non-consolidated companies and internal deliveries to affiliated firms. Consolidated sales to third parties in Malaysia grew 16% YoY to 188 million euros (RM929.5mil). 'Last year's double-digit growth is a clear reflection of the local market's continued trust towards the Bosch brand. 'Building on our century-long legacy in Malaysia, we continue to scale up our presence in key areas such as mobility and semiconductors while deepening our collaboration with local partners and communities,' regional president of Bosch in Southeast Asia, Vijay Ratnaparkhe said in a statement. Bosch's strong manufacturing, research, and development base in Penang has helped drive its business growth. Penang is home to Bosch's largest high-tech engineering hub in Southeast Asia, focusing on mobility electronics, power tools, and semiconductors. The semiconductor backend site in Penang is Bosch's most advanced test centre in Asia for automotive chips and sensors. Last year, the facility reached a milestone with the completion of its clean room, and is on track with its ramp-up plan extending through till 2035 to systematically reinforce Bosch's global semiconductor activities. As of Dec 31, 2024, Bosch employed over 3,700 associates and invested 42 million euros (RM209.7mil) in the country. The Bosch Group reported group-wide sales revenue of €90.3 billion for 2024, down 1.4% YoY, and an EBIT (earnings before interest and taxes) margin from operations of 3.5%.
