ERJ staff report (TB)
Fort Mill, South Carolina -- Continental Tire North America Inc. has changed its name and legal status to Continental Tire the Americas LLC to reflect the unit's increased responsibility for both North and South America.
The change took effect Jan. 31.
Last year parent Continental AG increased the firm's presence in South America by taking majority control of Compania Ecuatoriana del Caucho S.A. (Erco) in Cuenca, Ecuador.
Erco-established in 1962 as a subsidiary of General Tire & Rubber Co.-sells Continental-, General- and Barum-brand tyres in Ecuador and throughout the Andean region, which includes Bolivia, Chile, Columbia, Peru and Venezuela.
Besides a tyre plant in Cuenca, Erco operates a rubber plantation and a retreading plant in Ecuador and a number of retail chains throughout the region, generating about $120 million in annual sales.
Conti also has a tyre plant and sales/distribution activities in Brazil.
From Tire Business (A Crain publication)