ERJ staff report (RD)
Hannover, Germany -- ContiTech AG has inaugurated its newly-completed Euro 40 million state-of-the-art development, production, sales and administrative facility in Changshu (Jiangsu Province), 100 km northwest of Shanghai, China.
Intially, a 10 March Conti statement said, three business units will operate at the plant -- Air Spring Systems (air suspension systems), Fluid Technology (hoses and hose line systems) and Vibration Control (including acoustic insulation). Production will be mainly for the Chinese and Asian markets, although a further expansion, including a rubber compounding centre, is planned for the future, Conti said.
The ceremony, held in Hannover, Germany, was attended by Wang Xiang, party secretary of Changshu CRC Committee, and Heinz-Gerhard Wente, ContiTech AG ceo.
â€œChingshu is the new productive heart for our customers in China. We are creating here a forward-looking strategic centre for our long-term operations in China,â€ Wente said at the ceremony. â€œOur roots may be in Germany, but we have long since made ourselves at home here as well and see a key proportion of our future viability in China,â€ he added.
ContiTech has 9 production plants and 1200 employees in China and increased sales in the country by 34 percent in 2009. The company aims to more than double current sales volume in China by 2014 to around Euro 300 million, the statement said.
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Press release from ContiTech AG