ContiTech remains on growth track

ERJ staff report (DS)

Hannover, Germany — ContiTech remains on track for global growth following outstanding results in 2010 after the economically challenging year 2009. “We have achieved the best business results in the company’s history and far exceeded our expectations,” reported Heinz-Gerhard Wente, CEO of ContiTech AG, at the company’s press conference held to mark the Hannover Messe 2011.

Several factors contributed to ContiTech’s positive business results. The rapid recovery of the global automotive industry helped ContiTech, above all in the automotive supplies business. In…

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