Core View On EM Suppliers Supported By Bosch Forecasts

BMI's core view that suppliers with an emerging market presence will benefit from increased local content usage has been underlined by Germany's Bosch Group, which expects the Middle East to contribute significantly to its sales growth in 2010. Despite a slow year in 2009, the company tailored its strategy towards emerging markets. Volker Bischoff, general manager of Bosch Middle East, says this will leave the company 'in a perfect position to take advantage of the gradual market upswing, particularly in the Middle East and other emerging markets'.

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