Setzer to head Conti's new combined tyre unit

ERJ staff report (DS)

Hannover, Germany -- Conti is to merge its truck tyre and passenger car tyre business units under the leadership of Nikolai Setzer, currently head of passenger car tyres, effective 1 August. The new division will be largest within the Continental Group.

Dr. Hans-Joachim Nikolin, current head opf te commercial tyre unit is leaving the company on amicable terms as of July 31, 2011.

With sales of around €1.4 billion (2010), EBIT of €50 million and approx. 7,100 employees, the Commercial Vehicle Tires division is by far the smallest of Continental AG's six divisions. In 2010 the Passenger & Light Truck Tires division realized sales of €5.8 billion and an EBIT of close to €1 billion. It has over 28,000 employees. Combined, sales in the two tire divisions worked out to around €7.2 billion in 2010. Together theywill become the cor-poration's largest division.

The Passenger & Light Truck Tires division has production facilities at 27 locations in 16 countries. The division is organized into five business units: Original Equipment, Replace-ment EMEA, Replacement The Americas, Replacement Asia Pacific and Two-Wheel Tires. Commercial vehicle tires are manufactured at 15 locations in ten countries. The Commercial Vehicle Tires division is comprised of four business units: Replacement EMEA Truck Tires, Replacement The Americas Truck Tires, Replacement Asia Pacific Truck Tires and Industrial Tires.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from Continental