Conti confirms plans for Brazil tyre plant

By Liz White, ERJ staff
Hanover, Germany-Continental AG has confirmed that it is planning to invest a total of Euro 250 million to build two tyre plants in Camcari. in Bahia State, in Brazil.

It has also announced that it is discussing plans to expand its tyre production in Malaysia, where it operates a joint venture with Sime Darby.

“….we are continuing to broaden our activities in high-growth markets, as well as expanding our production in low-cost countries,” said Continental chairman Manfred Wennemer, in a statement…

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