ERJ staff report (TP)
Hanover, Germany / Otrokovice, Czech Republic − Continental today announced plans to significantly expand its truck and bus tire production facilities in Otrokovice.
With a total investment of €165m in the next years, Continental takes the next step in the investment program for its Tire division.
“The expansion of our truck and bus tire manufacturing footprint in Otrokovice is a strategic step focusing on long-term market growth. The plant will not only continue to serve Europe, Middle East and Africa; we will develop Otrokovice also into a production hub for The Americas and Russia,” said Dr Andreas Esser, Head of the Business Unit Commercial Vehicle Tires at Continental.
The five-year expansion program will double the site’s truck and bus tire production capacity to almost 1.5m units annually; and as part of the investment, more than 300 new jobs will be created throughout all production areas.
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Press release from Continental