ERJ staff report (RD)
Hanover, Germany – The ContiTech Conveyor Belt Group, Northeim, has purchased the Serbian conveyor belt maker Univerzal Kolubara d.o.o., the German company announced 7 April.
Kolubara is based in Veliki Crljeni, south of Belgrade, and employs 250 staff. Conti said the price of the purchase was in the single-digit million euro range.
Conti said the purchase is part of its plan to increase its position in Eastern Europe and meet the demands of the local market. â€œThis plant gives…