Qingdao, China – ContiTech has broken ground for a new €20-million plant for automotive hoses in the Shandong city of Qingdao, according to a company report.
The site has an initial floorspace of approximately 15,000 square meters in the Sino-German eco park of Qingdao ‘west coast new area’.
The first phase will see ContiTech investing €20 million in the plant, the agreement for which was signed in July.
The plant has a projected annual output of about 15 million low pressure hoses in the initial phase.
Depending on the…