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Forecast

The global automotive industry continues to demonstrate significant improvement, with the emergence of new markets and new brands as well as the ever-increasing focus on reducing carbon emissions and the introduction of sustainable technologies.

To maximize the world-wide opportunities for Bosal’s extensive range of products, the Bosal Group Board is planning further expansion into new and developing markets. In addition the Bosal Group will continue to invest in those markets where it is already established.

In 2008 the building of a brand new manufacturing facility will be started in Kaluga, Russia. Bosal has acquired a total of 244,000 m² of land.

Another manufacturing facility under construction is a 15,800 m² plant in Itupeva, Brazil. The new facility will allow the Group to expand its market-leading range of jacks and toolkits with new product lines.

With production at Bosal Czech Republic already running near capacity, increasing market demand and the addition of new OEM contracts will be met by extending the 22,500 m² plant by almost 50% (10,600 m²) within the next 12 months.

This global building program is all part of a major three-year investment plan which started in 2007 with the acquisition of more than 750,000 m² of land in the USA, Russia, Hungary, Brazil and Turkey.

Bosal Sekura Industries, the successful vehicle cabin manufacturing operation based in Denmark, recently won a number of significant new contracts. To meet demand, production capacity will be further increased by exploiting the current Bosal global manufacturing footprint, specifically the production facilities of Bosal UK and Bosal Industries Georgia. To accommodate Bosal Sekura Industries 100,000 m² land has been bought in Denmark. The construction of a new 15,000 m² plant will be completed before the end of this year. 

In the Ukraine it is planned to build on the production of exhaust systems by starting to manufacture tubes, consistent with the Group’s policy of vertical integration.

Recognizing the increasing diversity of vehicle models, production of wind deflector systems and towbars will be started up in the USA.

Turning to environmental issues, Bosal continues to invest in the development of high-temperature heat exchangers in low-emissions technology applications such as combined heat and power (CHP) systems. For high efficiency technology applications Bosal is developing fuel reformers for high temperature fuel cells to generate electricity on a megawatt scale. An additional focus in the years ahead will be on heat recuperators for automotive applications.

The after-treatment of exhaust gasses for commercial vehicles and heavy duty industrial applications is yet another major area of investment for the coming year in terms of product development and durability testing.

Finally, recognizing that it is the people that make the business, Bosal continues to invest in tailor-made education programs to facilitate promotion from within the organization. Throughout a committed workforce, Bosal remains a united family with shared values and goals.

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