Skip to main content
Sister Publication Links
  • Rubber & Plastics News
Subscribe
  • My Account
  • LogIn
  • News
  • Technology Focus
    • Features
    • Technical Papers
    • Analysis: Rubber mixing plants of the future
      Analysis: US probes dumping by ESBR suppliers
      Opinion: Tire labels stuck in a rut
      Analysis: NR pricing takes one step forward, two steps back
    • White paper: Role of tire innerliners in improving 'in-use rolling resistance'
      White paper: Why tire air retention matters now more than ever
      Nippon Soda: Use of 1,2-polybutadiene in CSM rubber applications
      Elastomers for Sustainability Top 10
  • Events
    • ERJ Events
    • ERJ Livestreams & Webinars
    • Industry Events
    • Journey to Automation Awards 2020
      Sustainability: Top 10 E4S projects table
  • Maps & Reports
  • People
  • Directory
  • Digital Edition
  • Brainiac
MENU
Breadcrumb
  1. Home
  2. News
December 17, 2020 07:52 AM

ContiTech targets growth “beyond rubber”

ERJ Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    Hardt

    Hanover, Germany – ContiTech AG, the industrial products arm of German group Continental, is eying “faster-than-the-market” growth in the coming years, shifting its focus on “smart solutions beyond rubber.”

    The German manufacturer intends to grow around three percentage points faster than the market in eight growth areas, Continental announced in its Vision 2030 strategy, unveiled during a week-long capital markets day event.

    The growth potential results primarily from the increasing demand for digital and intelligent solutions in future-oriented sectors, Conti said in a 16 Dec statement. 

    As part of the strategy, ContiTech will utilise its knowledge of the industry and materials to open up new opportunities, such as combining various materials with electronic components and individual services. 

    In particular, ContiTech referred to recent moves to strengthen its plastics expertise in both the industrial and automotive sectors with the acquisition of Merlett in 2019 and a joint venture with aft automotive earlier this year.

    Another potential growth area will be the development of sensor-based monitoring services for conveyor belt systems using camera-equipped drones. 

    Here, ContiTech will tap AI-based data processing capabilities to detect defects in belts, which are inspected from the air on open sections.

    The business area also intends to further increase its "value contribution" to the German group, by developing applications for passenger cars, rail transport, the printing industry and mining. 

    For the mid-term, ContiTech aims achieve adjusted EBIT margin of 9 to 11% and return on capital employed (ROCE) of over 20%.
     

    RECOMMENDED FOR YOU
    Nokian expects to pay more for raw materials, logistics
    Nokian expects to pay more for raw materials, logistics
    Commercial Vehicle Show is back on 
    Commercial Vehicle Show is back on 
    US tire shipments on track to rebound in 2021 
    US tire shipments on track to rebound in 2021 
    Free Newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Get the latest news impacting the European rubber industry, from breaking news to razor-sharp analysis, in print and online.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter
    • Youtube

    Logo
    Contact Us

    @ 2019 European Rubber Journal. 
    European Rubber Journal is published bi-monthly by NUERJ Ltd.

    Registered Office: Castle House, 89 High Street,
    Berkhamsted, Hertfordshire HP4 2DF, United Kingdom. 

    Tel. + 44 (0)203 196 0141 

    Registered No. 13104613 England

    Email: [email protected]

    Website www.european-rubber-journal.com

    Customer service 

    Tel. + 44 (0)203 196 0141 

     

    Resources
    • About us
    • Contact Us
    • Advertise with Us
    • Media Kit
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
    • Technology Focus
      • Features
      • Technical Papers
    • Events
      • ERJ Events
      • ERJ Livestreams & Webinars
      • Industry Events
    • Maps & Reports
    • People
    • Directory
    • Digital Edition
    • Brainiac