ContiTech invests €20m in Hungary expansion

Nyíregyháza, Hungary – ContiTech AG has invested €20 million in its production plant in Nyíregyháza, as part of an ongoing expansion project.

The new capacity was commissioned on 23 Jan, the German manufacturer of rubber-based industrial products informed ERJ.

The investment, it said, involved the expansion of production in compounding, air-spring systems and mobile-fluid systems.

As part of the project, hose-line production moved into a 4,000 square-metre empty building in 2016, where new lines were installed.

Additionally, a new warehouse for hoses and air springs was built – spanning 4,500 square metre – while a 1,000 square-metre area was built for compounding area.

According to ContiTech’s correspondence, 500 jobs are expected to be created at the location within the next few years.