Bosch – one of the world’s largest industrial companies, producing a wide variety of engineered products, from automotive components to home appliances – has reported increased sales for the year 2016.
In a press conference last week to launch the German giant’s annual report, Bosch CEO Volkmar Denner listed the key figures:
sales rose from €70.6 billion in 2015 to €73.1 billion last year; and
earnings before tax in 2016 reached a total of €4.3 billion.
Sales in all business segments and geographical regions had increased, added Denner.
Martyn Williams, managing director of industrial automation software expert Copa-Data UK, discusses how machine builders can use predictive analytics to minimise the maintenance and downtime costs of their products
The cost of production downtime varies significantly from one industry sector to another, but without a doubt, when it occurs, downtime is a troublesome and expensive inconvenience for all manufacturers.
More often than not, halts in production could be avoided, so imagine just how much manufacturers could save if machine data was available to anticipate breakdowns.
More than 1,600 companies have booked stands and are preparing to market their products at the Innovex and Smartex events in Taiwan. Robotics and the internet of things will be among the key attractions.
The exhibitions are organised by Computex Taipei, a government-linked organisation started in 1981 to promote trade with the outside world.
China has been buying large numbers of industrial robots in recent years, and ABB is one of the companies which is looking to establish itself in the region.