Bosch to suspend production to avoid inventory build-up

January 9th, 2009 - 5:06 pm ICT by IANS  

Bangalore, Jan 9 (IANS) Leading automotive and industrial major Bosch Ltd will suspend production from Saturday to avoid building inventory, the company said Friday.In a notification to the Bombay Stock Exchange (BSE), the listed German subsidiary said it would suspend manufacturing of starters and generators at its Naganathapura plant on the outskirts of Bangalore for 21 days from Jan 10.

“Operations at our main plant in the city will also be suspended for two days from January 15-17 and adopt a five-day week from January 19 to February 28,” the company said in the statement.

The company will observe block closure at its Nashik plant in Maharashtra for a week from Jan 19.

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