Robert Bosch GmbH (Bosch)
One of the senior officials of Germany`s Bosch Auto Spare parts company announced that the company sought to expand its business in Iran and its priority was to domestic production in the country. (February 13, 2018).
On March 5, 2017, the Tehran Times conducted an exclusive interview with CEO Robert Bosch, who said, “[r]esources of Iran and Germany are amazing, so we are looking for partners for cooperation…. [W]e see huge potential and after the trip we will try to make plan for the further cooperation.” (Tehran Times, “Robert Bosch Foundation Seeking Partners in Iran – CEO,” 3/5/2017).
- Bosch Group opened an office in Tehran in 2016 as the group’s automotive division “sees growing potential in Iran’s car market following the lifting of international sanctions.”
- Bosch is listed as a company participating as part of the German delegation visiting Iran September 27-28,2016. (Participating Companies).
- "'Companies are already trying to sign letters of intent with Iranian trading partners to get a foot in the market,' said Juliane Emami, project manager at conference organizer Management Circle AG... Some industrial giants such as automotive parts producer Bosch GmbH, which signed its first contract, are already venturing back. ‘We've already signed our first contracts,’ said spokeswoman Trix Böhne. 'But this is all at very early stages and we will have to see how things develop.'" (The Wall Street Journal, "German Business Looks to Renew Iran Contracts," 8/3/14)
- According to Bosch's Turkey website, the Bosch representative in that country provides services to Bosch units and divisions both “in Turkey and Iran.” (Bosch Turkey Website, “Our Company: Representative of Turkey”)
- The Bosch Packing Technology division lists a local Iran agent on its website. (Bosch Packing Technology Website, “Your Bosch Packaging Technology Contact: Iran”)
- Bosch's subsidiary, Bosch Power Tools, lists Abzarsara Co. as its Iran dealer while the Abzarsara Co. website advertises Bosch products and lists Bosch as a supplier. (Bosch Power Tools Website, “Bosch dealer”; Abzarsara Co. Website, “Home”; Abzarsara Co. Website, “Suppliers”)
- Bosch's subsdiary, Bosch Rexroth, maintains a relationship with Iran through the Iranian company Narvan Arra Ltd. (Bosch Rexroth Website, “Contact Service Hydraulics: Iran”). On its Company Website, Narvan Arra states that “as the Sole Distributor and Service Partner for the entire Bosch Rexroth Group, [it] provides high quality components, modules or complete system solutions for Bosch Rexroth in Hydraulics, Pneumatics, Service Automation, Electric Drives and Controls, Linear Motion and Assembly Technology.” (Narvan Arra Website, “Homepage”) Rexroth AG manager Wolfgang Paul Rexroth is listed as a member of the German-Iran Chamber of Commerce election committee. (AHK Website, “AHK Iran: Board Elections”)
- "Dozens of European businesses have visited the country in recent months in anticipation of a thaw in relations over Iran’s nuclear programme that could rehabilitate the oil-rich country as a destination for business investment. Iranian and western businessmen say some tentative deals have been prepared, ready for signature once the interim nuclear agreement struck in Geneva last month is implemented…Bosch, the German technology and services conglomerate, said it was 'carefully monitoring current developments' in Iran. 'In general, we see good potential opportunities for our business, provided that the future political and legal framework will make this possible without restrictions,' it added." (Financial Times, "Merck tests ground for Iran partnership to produce medicines," 12/26/13)
- "Bosch, a supplier of building and industrial technology and consumer goods, markets its products in Iran through contract partners, according to its website, but does not have an office in Iran. 'We're doing very little business and this is handled through Turkey,' said Christian Fromek, a company spokesman. 'Our businesses have a civil purpose in providing auto components as well as consumer goods, such power tools and spark plugs. All of our activities respect current regulations in place.'" The company has received $90.3 million in revenue and benefits from the US government for their investments in Iran during 2000-2009. The company's activities in Iran are currently active. (The New York Times, "Profiting from Iran, and the US," 3/6/2010)
- "GIANTS WITH A FOOT IN TEHRAN: Total, Shell, Statoil, BNP Paribas, Commerzbank, MTN, UPS, Linde, Technip, Nokia, Ericsson, Peugeot, Renault, OMV, Societe Generale, ENI, Mitsubishi, Sumitomo, Siemens, LG, Samsung, Bosch, Valeo, Nestle, Unilever, BAT, Japan Tobacco." (The London Times, "American pressure threatens UK firms," 5/27/06)
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