Continental to invest in brakes plant in Slovakia

Hanover, Germany-Continental AG is to spend Euros 60 million over the next five years on a new facility to make high performance front and rear brake disc calipers in Slovakia.

The plant, in Zvolen in central Slovakia, will employ up to 500 people, and supply a number of European customers, said a Conti statement following a press conference in Bratislava.

The German tyre and automotive supplier signed a memorandum of understanding about the project with the Slovak Republic’s Ministry of Economy on 25 Oct.

Continental’s brakes…