ContiTech acquires Serbian conveyor belt company

ERJ staff report (RD)

Hanover, Germany – The ContiTech Conveyor Belt Group, Northeim, has purchased the Serbian conveyor belt maker Univerzal Kolubara d.o.o., the German company announced 7 April.

Kolubara is based in Veliki Crljeni, south of Belgrade, and employs 250 staff. Conti said the price of the purchase was in the single-digit million euro range.

Conti said the purchase is part of its plan to increase its position in Eastern Europe and meet the demands of the local market. “This plant gives…

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