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 â‚¬1.4 billion (2010), EBIT of â‚¬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 â‚¬5.8 billion and an EBIT of close to â‚¬1 billion. It has over 28,000 employees. Combined, sales in the two tire divisions worked out to around â‚¬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.
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Press release from Continental