Continental group to be the global expansion of tire factory-Iota

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Service > Continental group to be the global expansion of tire factory

Continental group to be the global expansion of tire factory

Recently, the mainland group announced the formal signing of investment agreements with Anhui and Hefei local governments.
According to the agreement, the mainland group will further increase investment in China, to start the three phase of the Hefei plant project. This expansion project investment of up to 250000000 euros, will greatly enhance the production capacity of its horse brand tires.
At present, the Hefei factory annual output of 5000000 passenger car tires, after the end of the three phase of the project, the capacity will be expected to upgrade to 14000000 by the end of 2019. At the same time, investment projects will also cover two tire production projects, plans in the end of 2025 will be an annual capacity from the current 2000000 to 13000000.
NikolaiSetzer, the global president of the Executive Board of the continental group and the global president, said: "the expansion of the plant in the world is an important part of the 2025 vision of the enterprise. Since 2011, we have systematically invested more than 2000000000 euros for the promotion of the mainland's tire production capacity in the world, as well as support for the development of high-tech projects. In addition, the program will also create more employment opportunities for the local employment, the existing Hefei plant from 1150 to 2700."
Up to now, the mainland has invested 250000000 euros in Hefei plant, pending the completion of the three phase of the project, the total investment will exceed 500000000 euros.
In the vision 2025 enterprises planning, including currently every year to existing plants about 3.5 billion euros of investment, the mainland will also an additional $10 billion euros, start in the history of the largest specialized investment project. For a total of $20 billion euros investment plan will long-term growth of enterprises laid a solid foundation, in particular, is conducive to the group in the BRIC (Brazil, Russia, India and China) and the United States market future development.
Mainland tire factory in 2011 officially put into use in. Since the foundation in 2008, has been in Anhui and Hefei, the local government, as well as the general public to maintain a good relationship. In addition, the mainland also launched an active cooperation with local universities to promote the development of local education and research.
Recently, a continental tyre division responsible for Germany and continental Tyre Co., Ltd. execution as a professor at the China University of science and technology being appointed president BurkhardtK? Ller, he will be in finance, management and international management professional for local students to provide guidance and help.a

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