PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: BIZ COM - PRoactive Communications

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Bosch & MHAO Ink Five-Year Strategic Alliance - Deal aimed at securing 10% share of US$ 5 billion regional household appliances market.
Bosch & MHAO Ink Five-Year Strategic Alliance

 

NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2006/03/30 - Deal aimed at securing 10% share of US$ 5 billion regional household appliances market..

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics/Instrumentation/RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Germany’s BSH Bosch and Siemens Hausgeräte GmbH and UAE’s Mohamed Hareb Al Otaiba Group entered into a five-year strategic alliance to increase their market share in the regional household appliances sector.

The alliance is designed to help the two companies secure a 10% share of the region’s nascent household appliances sector estimated at AED 18.35 billion (US$ 500 million).

MHAO Vice Chairman, Ahmed Hareb Al Otaiba and Bosch’s Managing Director, Heiko Fischer signed the agreement disclosing their joint plans for the region.

Speaking on behalf of MHAO, Mr. Al Otaiba said, “We have been partners for almost three decades now and this deal reinforces our relationship as we strive to enlarge our retail business as well as the re-export trade.”

“We will open more showrooms over the next five-year tenure alongside full-fledged service centres spread across Dubai and other emirates as we service our existing base of customers and develop an impressive pool of new customers,” Mr. Al Otaiba remarked.

Bosch household appliances have always been known for their reliability and long service. Over the years, BSH Bosch and Siemens Hausgeräte GmbH (50% Bosch-owned) has become a successful international provider of the full range of household appliances.

“Bosch with its household appliances business within the BSH Bosch and Siemens Hausgeräte GmbH joint venture has around 50,900 business associates worldwide, and this division generated sales of AED 32.5 billion (US$ 9 billion) in 2004,” remarked Mr. Fischer.

“Our recent alliance with MHAO is planned to develop stronger business relations in the region as we increase our market competitiveness and pre-emptively build the competencies and partner network to tap opportunities,” Mr. Fischer stated.

Bosch regards innovation as something more than exceptional product quality, functionality and design. Not only our technical developments, but also our commitment to society has an effect on the world of tomorrow.

Mohammed Hareb Al Otaiba Group was founded in 1946 and comprises one of the most powerful portfolios in the UAE that are handled by key divisions including Domestic Appliances Division, Leisure & Fitness Division, Office Automation Division and Commercial Kitchen and Laundry Equipment Division.

MHAO is a multi-dimensional business house with a widespread customer base and is poised for a phase of high business growth. The MHAO Group’s success is primarily attributed to excellent technical support and after-sales service provided by the division to its clients.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics/Instrumentation/RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: BIZ COM - PRoactive Communications

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Electronics/Instrumentation/RFID articles,
CATCH Visitors via Your Competitors Announcements!


Bosch & MHAO Ink Five-Year Strategic Alliance

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: BIZ COM 
+9714 3320888 info[.]bizcom.ae
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BIZ COM - PRoactive Communications securities in any jurisdiction including any other companies listed or named in this release.

Electronics/Instrumentation/RFID via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From BIZ COM - PRoactive Communications / Company Profile


Read Electronics/Instrumentation/RFID Most Recent Related Newswires:

Curtiss-Wright Selected by Raytheon to Provide Innovative Winch System
Infineon Technologies to Sell Newport Manufacturing Site to Neptune 6 Ltd
CPT and imec / Holst Centre Demonstrate 1250 ppi, FMM-free Multicolor OLED Displays with Photolithography
NI and Innovari Help Grid Operators Improve Utilization, Lower Costs
Bruker Launches the timsTOF™ Pro Mass Spectrometer to Enable the Revolutionary PASEF Method for Next-Generation Proteomics
Curtiss-Wright Introduces Turret Aiming and Stabilization Supplier Enhances Production Capabilities to Support Ramp-up in Ship Sets
Curtiss-Wright Selected to Provide Rugged Airborne Mission Computer for Prime Contractor’s Defense Program
Bruker Announces the New D8 DISCOVER Plus™ XRD System
Yokogawa Releases CellVoyager® CV8000 High-throughput Cytological Discovery System
Curtiss-Wright Selected to Provide Rugged Airborne Mission Computer
Elecard Releases CodecWorks Encoder Version 4.4
weBoost Launches its First Affiliate Program
Bruker and DECTRIS Announce Advances in D8TM X-ray Diffraction Systems with the New EIGER2 R 500K Detector
Bruker Announces Novel D8 VENTURE BIOTOOLS™ for Advanced Structural Biology Research by X-Ray Crystallography
Frost & Sullivan Highlights Copper Mountain Technologies for its Robust USB VNA Solution

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)