ContiTech plans ‘multi-million-euro’ investment in China

Hanover, Germany – Continental is earmarking a “high double-digit million Euro” amount to expand its production capacity in its ContiTech locations in China this year, company spokeswoman Antje Lewe has confirmed to ERJ.

The investment, at an unspecified location, will focus on the local production of automotive hoses as well as environmentally-friendly surface materials for the Chinese market, said Lewe.

Chinese news agency Xinhua on 23 April cited ContiTech CEO Hans-Juergen Duensing as saying that the project would build on investments of €200 million by his company in…

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