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Bosch boom

Robert Bosch, the world's biggest component maker, said yesterday sales rose 24 percent to 47.3 billion euros ($64.5 billion), the highest in the company's 125-year history. It made a pretax profit of 7 percent to 8 percent of sales after a loss of 1.2 billion euros in 2009. Closely held Bosch is targeting sales of more than 50 billion euros this year, driven by growth in Asia and Latin America.

“The supply situation is strained overall because we weren't expecting demand to be this strong,” said Thomas Knoll, a spokesman for Stuttgart, Germany-based Bosch. “Since we kept the core of our production team together during the crisis, we're managing to fulfill all requests.”

Pirelli, Europe's third-largest tiremaker, plans to increase capacity to keep up with demand that has surpassed its pre-crisis levels, Chairman Marco Tronchetti Provera told reporters yesterday in Milan.

“We are stretched with orders,” said Tronchetti Provera. “All our plants are working at full speed.”

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