Conti to double size of Brazil tyre plant

ERJ staff report (TB)

Hanover, Germany — Continental AG is going ahead with a second-phase expansion of its car and truck tyre plant in Camaçari, Brazil, effectively doubling the size of the plant by 2015 with a $210 million investment.

“This investment is part of Continental’s strategy to grow our tyre operations worldwide significantly, especially in the ‘BRIC’ countries,” said Matthias Schönberg, CEO of Continental Tire the Americas, referring to the emerging markets in Brazil, Russia, India and China.

The project will allow Conti to nearly double the…

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