ContiTech acquires Chinese conveyor belt maker

ERJ staff report (DS)

Hanover -- Continental's Conveyor Belt Group has taken over the conveyor belt operations of Tianjin Xinbinhai Conveyor Belt Co., Ltd., Tianjin. Financial details were not revealed.

Situated in the port city of Tianjin, 120 kilometers southeast of Beijing, the plant produces mainly conveyor belts for metal and cement processing and mining, as well as for power plants, port operations and the automotive industry. It has a workforce of around 150.

"This move gives us a new market in an up-and-coming region and strengthens ContiTech's position in China," says Hans-Jürgen Duensing, general manager of the ContiTech Conveyor Belt Group. “We already manufacture conveyor belts for industrial applications at a number of locations worldwide. Now we can supply the Chinese market with products made right in the country. We are set to further expand the plant.”

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Press release from Continental