The opening ceremony of Guangdong Vanbo Electric Co Ltd (Guangdong Vanbo), a co-partnership company by Guangdong Vanward New Electric Co Ltd (Vanward) and Germany Bosch Group (Bosch), was successfully held yesterday (May 16) in Yanghe town, Gaoming, Foshan.
The giant of Chinese water heater, Vanward joins hands with the global first-class supplier for heating products and water heating solution, which means that the product line of Vanward comprehensively transforms to a high-end level.
The incorporation of Guangdong Vanbo was completed in March this year and two shareholders respectively hold the share of 50%. Guangdong Vanbo has two production bases, among which the one in Hefei, An’hui Province was open in this May, while the headquarter of Vanbo locates in the one in Gaoming covering an area of more than 130,000 square meters.
Both Vanward and Bosch are the suppliers for water heating system solution and water heating products, and the complementarity between the two companies is very obvious in terms of technology and manufacturing technique and etc. Vanward has lots of technical patents in the field of water heater, but the gap in the filed of multi-energy water tank between Vanward and first-class European enterprises is still evident. Nevertheless, multi-energy water tank is Bosch’s strength.
Building up its fortune by gas water heaters, Vanward in recent years has been working hard on the transformation of production line towards the high-end and mainly developing intelligent and green air-source heat pump heaters and solar water heats, among which the multi-energy water tank technology is the key point. Yang Songwen, chairman of Vanbo and deputy president of Vanward, said that the cooperation with Bosch not only fills the technology short slab in the field of multi-energy water tank for Vanward, but also help it learn the mature technology in the fields of solar energy and air energy for Vanward.
"Bosch is very cautious about the cooperation, and we spent three years on the negotiation of the cooperation." Yang Songwen said frankly that, it was difficult to complete the cooperation, as Bosch is very strict with everything. Although both parties once cooperated with each other before, this year Bosch still had strict examination towards Vanward. “In the last year, we basically saw each other once a month. Sometimes they flew to China while sometimes we flew to Germany.” Said Yang Songwen.
According to the agreement, Bosch will move its several product lines in China including household electric water heat, heat-pump water heater and solar thermal collector to the production bases of Vanward in Foshan and Hefei. Uwe Glock, chairman of the global board of presidents in Bosch Thermotechnology Department said that, “Vanbo will provide more localized advanced technologies to Chinese clients, which will push the development of Bosch thermotechnology water heating products in China and even the whole world and furthermore bring new growth opportunities to the household appliance market under the “new normal status” of Chinese economy.