Conti Expands in China - million investments in new plant

The auto parts and tire maker Continental continues to expand internationally. The Hanover-based company announced on Thursday the opening of a second plant in China. For the production site are located in Wuhu initial investment of around € 33 million planned for the acquisition of land and construction, the company said.

In Jiading Industrial Zone to an existing plant for 13.3 million euros will be expanded to 10 000 square meters. Continental sees the investment as a further sign of confidence in China's development potential. Conti proclaimed especially thanks to its international commitments a billion profit for the first Half of the year.


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