Continental expands its European Truck and Bus Tire Production
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- ?100 million investment in Continental's biggest European truck and bus tire plant
- Capacity expansion to three million truck and bus tires annually
- First plant to produce Generation 3 bus tires
The international tire manufacturer and automotive supplier Continental continues to pursue its global growth strategy. As the next step in the company's tire investment program, Continental will expand the annual production capacity of its truck and bus tire plant in Puchov (Slovakia) from about 2.6 million tires to over three million tires in the next years. For this project in the region EMEA (Europe, Middle East and Africa), Continental invests approximately ?100 million.
"Despite the currently challenging economic situation in Europe, we see a considerable increased demand for our truck and bus tire business in the mid-term," comments Dr. Andreas Esser, Head of the Business Unit Commercial Vehicle Tires at Continental. "With the exploration especially of the growth markets in Eastern Europe, Middle East and Africa we foresee further potential in the years to come. In order to accommodate this rising demand in the near future, we have to expand and upgrade our largest production plant in EMEA further," he adds. The exact timing of the stepwise capacity increase and corresponding invest will depend on the market development and its influence on the customers' demand for truck and bus tires.
Puchov, which is Continental's largest production site for truck and bus tires in EMEA, will not only see an increase in manufacturing capacity, but also extensive upgrades to machinery and infrastructure in order to achieve maximum production efficiency. "In order to sustain a technology leader position and provide our customers with best-in-class products, we are constantly optimizing our processes and production techniques. In addition, Puchov will be the first plant to produce our new Generation 3 bus tires.
By this investment, we will increase our agility to follow the market demands," remarks Thierry Wipff, Head of Manufacturing Commercial Vehicle Tires at Continental.
Since the beginning of this year, the company has already announced expansion plans for its operations in Mount Vernon (USA) worth more than $95 million (approximately ?70 million).
With sales of ?32.7 billion in 2012, Continental is among the leading automotive suppliers worldwide. As a supplier of brake systems, systems and components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics, tires, and technical elastomers, Continental contributes to enhanced driving safety and global climate protection. Continental is also an expert partner in networked automobile communication. Continental currently has approximately 173,000 employees in 46 countries.
As one of the world's leading tire manufacturers, with more than 42,000 employees, the Tire division achieved sales of ?9.7 billion in 2012. Today, the division has 22 production and development locations worldwide. The broad product range and continuous investments in R&D make a major contribution to cost-effective and ecologically efficient mobility.
The Commercial Vehicle Tire business is one of the largest manufacturers of truck, bus and commercial specialty tires worldwide.
Continental's Tire Division is an Official Sponsor of the German DFB Cup, 2014 FIFA World CupTM in Brazil and the UEFA EURO 2016TM in France.
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With sales of ?32.7 billion in 2012, Continental is among the leading automotive suppliers worldwide. As a supplier of brake systems, systems and components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics, tires, and technical elastomers, Continental contributes to enhanced driving safety and global climate protection. Continental is also an expert partner in networked automobile communication. Continental currently has approximately 173,000 employees in 46 countries.
As one of the world's leading tire manufacturers, with more than 42,000 employees, the Tire division achieved sales of ?9.7 billion in 2012. Today, the division has 22 production and development locations worldwide. The broad product range and continuous investments in R&D make a major contribution to cost-effective and ecologically efficient mobility.
The Commercial Vehicle Tire business is one of the largest manufacturers of truck, bus and commercial specialty tires worldwide.
Continental's Tire Division is an Official Sponsor of the German DFB Cup, 2014 FIFA World CupTM in Brazil and the UEFA EURO 2016TM in France.
Datum: 27.06.2013 - 08:09 Uhr
Sprache: Deutsch
News-ID 1240967
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