Conti signs MoU with Chinese tyre maker, Doublestar

Continental AG has announced that it has signed a memorandum of understanding with Qingdao Doublestar Tire Industrial Co., Ltd of Qingdao, China. The memorandum expresses both companies’ intention to found a tyre-manufacturing joint venture in the spring of 2005.

Conti expects to be the majority partner, according to a statement from the company, and the two companies expect to expand tyre capacity at Qingdao’s existling location and to build a new plant to make passenger and light truck tyres

Conti said it expects the name of the…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with