Bosch To Build Solar-Panel Plant in Malaysia

June 22, 2011

Facility will employ 2,000 people.

Industrial group Bosch will invest 520 million euros (U.S. $750 million) in a solar-panel factory in Malaysia, the company said on June 22.

Construction of the factory will begin this year in the northwest Penang region and will employ 2,000 people once operational.

"With this investment, Bosch is moving further along the path of internationalization it has already set for its photo-voltaic business," said Bosch chairman Franz Fehrenbach.

Once fully ramped up, the factory will supply enough solar panels to power 300,000 Malaysian homes, the company said.

It is one of the largest building projects in the company's history.

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