Bosch and Ricons team up for real estate and construction

January 10, 2018 | 14:50

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On January 9, Germany-based multinational group Bosch and Ricons, under the management of Coteccons Group, signed a Memorandum of Understanding (MoU) for comprehensive co-operation in the fields of construction and real estate development, which could enable the two firms to enhance the safety, security, and efficiency of their construction projects and buildings across Vietnam.

Specifically, the MoU covers three key areas of co-operation where Bosch will provide the high-quality hardware, software, and services, leveraging its strength in numerous fields, such as the automotive aftermarket, drive and control technology, packaging technology, power tools, security systems, and thermo-technology.

Guru Mallikarjuna, managing director of Bosch Vietnam, asserted that, “With our diversified portfolio, international network, and local presence, Bosch commits to offering partners a wide range of customised products and solutions. Therefore, we are confident to step into this new partnership with Ricons, one of the leading construction firms in Vietnam.”

“In the long term, Bosch can collaborate with Ricons in fostering integrated and connected solutions for high-tech products and services such as Smart City and Smart Campus as well as provide electric scooter (e-scooter) system solutions and other Internet of Things-based (IoT) solutions,” Guru also added.

Bosch and Ricons shook hands to foster real estate and construction developement in Vietnam

In the early stages of the partnership, Bosch will provide Ricons with professional power tools, accessories, and spare parts, as well as a full package of services, including product consultation, technical training, health and safety training, and product maintenance.

Regarding product maintenance, Bosch and Ricons considered to set up booths or small shops at key construction sites in order to provide workers with the direct and instant support when in need of frequently-used accessories, spare parts, and quick repairs.

Besides, the firms also considered co-developing a scheme to monitor and manage the full circle of tool usage, using Bosch’s software and sensor technology, which in turn could assist Ricons in promoting project efficiency and waste reduction as well as maximising the utilisation of products and resources.

Furthermore, Bosch committed to providing Ricons with products and solutions for the sake of security, safety, and communications with the target of protecting people’s lives, assets, and enhancing the security of infrastructure. In particular, such products could range from video surveillance, intrusion and fire detection to voice evacuation systems as well as access control and management systems.

As a supplier of real estate projects, Ricons was in search of reputable and professional partners with the intent to provide high-quality projects as well as to ensure the productivity of the equipment used in the construction progress. Ricons’ operation activities stretch over 100 construction projects nationwide, ranging from industrial parks, shopping malls, residential complexes, schools, hospitals, and office towers.

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