Continental will build tire plant in China
Continental AG plans to strengthen its position in China with the establishment of a new tire plant in the city of Hefei. Construction will start in mid-2008.
Continental will invest 150 million euros in the factory. Production is expected to begin in early 2010.
"With this move, we are entering one of the world's most dynamic tire markets, following careful analysis and intensive preparation," says Continental Chairman Manfred Wennemer.