Bosch, a leading global supplier of technology and services, today announced that it has appointed Andrew Powell to head Bosch in the Philippines as the company’s new managing director based in Manila.
British-born Powell sees immense potential for Bosch’s continued business expansion in the Philippines, particularly in maintaining its market leadership position in the company’s automotive and power tools businesses.
Powell elaborated, “The Philippines continues to be fueled by an upbeat economic climate. The construction industry, for example, is earmarked to contribute almost 50 per cent to the country’s growth in 2014, as the government moves to roll out new infrastructure and address housing shortage. Bosch, with its strong presence in the power tools industry in the Philippines, is poised to support that growth.”
He added, “Bosch will also continue to play a meaningful role in local community development efforts, such as supporting the re-building of the areas hardest-hit by Typhoon Haiyan. Our partnerships with NGOs have allowed us to put our power tools to good use in the rehabilitation of community centers and other similar facilities.”
In addition, Powell sees the automotive industry in the Philippines riding high, buoyed by an emerging middle class. “With new international players entering the rapidly-expanding automotive market in the Philippines, Bosch, as a leading global automotive technology supplier, is ever-ready to play a key role in contributing to a thriving automotive sector in the country.”