Hanover, Germany—Continental AG’s Tire Division is investing about $280 million during a four-year period at its facility in Hefei, China, to boost capacity to 14 million car and light truck tires per year.
The project also will increase bicycle tire production to 13 million tires per year by 2025.
Continental said employment will more than double to 2,700. The 753,000-sq.-ft. facility currently employs 1,150. The firm did not disclose how much the building size would increase, if at all.
Nikolai Setzer, a member of Continental’s executive board and…