The company is working in partnership with Regional Development Agency Advantage West Midlands and is getting ready to submit an outline planning application to Wychavon District Council to develop a 30 hectare site to the south east of Junction 6 of the M5.
At the moment Bosch Thermotechnology employs 1,800 people with 1,150 based at its existing Warndon facility in Worcester.
A company spokesman said: “The outlined development plans will further reinforce the investment of the company within the region and will create a business environment within the Worcester area that will foster spin off growth for other companies.”
The proposed development would provide a new head office for Bosch Thermotechnology and would include manufacturing, distribution and research and development facilities.
It would also enable further expansion of Bosch Thermotechnology’s dedicated training facility to support new and existing Bosch products.
Bosch Thermotechnology UK managing director Richard Soper said: “Having been in Worcester for 46 years we want to ensure that we remain in the area. As a company dedicated to looking at ways to conserve non-renewable energy resources and minimise environmental damage, the proposed new site has the right credentials.
“Through working closely together with Advantage West Midlands and the local economic planners we see a very positive opportunity for Bosch Thermotechnology and the local community. The project would offer both economic and environmental benefits that would contribute to the local strategic development.
“With growing interest in renewable technologies, Bosch Thermotechnology continues to expand its product range as it continues to invest in major research and development projects.
'Under the Worcester brand we will, for example, be launching two new air source heat pumps in the summer of 2009 to compliment the existing range of ground source heat pumps and solar panels. Other new technologies are also being developed here in Worcester and the expansion would create new high-tech job opportunities.”
Advantage West Midlands director Karen Yeomans, said: “Today’s announcement is a hugely significant one for Advantage West Midlands, Bosch Thermotechnology and the wider Worcester area.
'The development of a new headquarters for Bosch Thermotechnology and in a later phase, a wider Worcester Technology Park within the Central Technology Belt, would be invaluable for encouraging more technology rich companies and jobs into the area which would further promote Worcester’s role within the West Midlands.”