Kuala Lumpur -- Continental-Sime Tyre Sdn Bhd is reportedly expanding capacity at its two tyre factories in Malaysia. A spokesman for Continetal AG confirmed that the company does have plans for Malaysia, adding that details would be available shortly.
The report, in Malaysia's Business Times, said Conti-Sime plans to spend RM 200 million (Euro 44 million) to expand its two factories. One plant is in Petaling Jaya, making heavy truck tyres; the other in Alor Star makes car and light truck tyres.
Business Times quoted Conti-Sime chief executive officer Dieter Saar saying it plans to export 30 to 40 per cent of its output beyond 2006, up from less than 15 per cent now. Saar is reported to have added that Conti-Sime is raising annual capacity at the Alor Star factory to 8 million tyres by 2008, from about 4.4 million pieces now, while the one in Petaling Jaya involves an increase of another 450 000 tyres a year.
The interview indicated that work has already started in Alor Star, and capacity there should reach 5 million units per year by mid-2006, while the PJ plant should reach new the new output levels by the end of 2006.
This is an external link and should open in a new window. ERJ is not responsible for the content of external sites.
Business Times (Malaysia) story