Bosch sees mainland surge from new venture

The operations in China of a new joint venture - involving heat technology and hot water products - will help expand the market presence of Robert Bosch GMbH in the mainland, a senior executive of the German group said on Tuesday.

Bosch Thermotechnology, the European manufacturer of energy-efficient heating and hot water solutions, launched production at its joint venture with Guangdong Vanward New Electric Co, a leading manufacturer of gas appliances in China, in Foshan on Tuesday.

Bosch said the Foshan plant would produce about four million water heaters annually.