Bosch is investing around 100 million euros in its Aveiro site in Portugal by 2026 to build laboratories, two production buildings and additional heat pump lines, creating several hundred jobs over the medium term.

Bosch plans to invest EUR 100 million at its Aveiro plant in Portugal to increase heat pump production, reported in November 2023.

Refrigeration equipment maker Fricon will invest EUR 6 million in a new industrial area in Vila do Conde, Portugal, to double manufacturing. The expansion follows entry into eight African countries and sales growth to EUR 26 million.