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19/03/11

Continental Tyres is investing U.S. $ 210 million tire plant in Brazil


The international automotive supplier and tire maker Continental to invest 210 million U.S. dollars in expanding its production capacity in the tire plant in the industrial area of ​​Camaçari, in Bahia, Brazil.This investment is part of our strategy to expand our tire production significantly in the whole world and especially in BRIC countries. We take the production capacity at the plant in Camaçari end of 2015 nearly doubled, "said Matthias Schoenberg, CEO of Continental Tire of the Americas. 2010, Continental plant about 4.5 million cars and 350,000 tires truck tires produced.

In 2011, the capacity will increase to more than 5 million car tires and 450,000 trucks.This is the second wave of investment after it's U.S. $ 260 million in 2004. The goal is to increase production to the point that this work is in the NAFTA - the economic union between the United States, Canada and Mexico - and Latin America can meet the expected growth, "said Renato Sarzano, General Manager of Continental Tire of Latin America. "Brazil is playing an important role in this region.

With these investments, we can streamline processes, install new equipment and create 400 new jobs at the plant. The entire region will benefit, "said Pedro Matos, CEO of the plant in Camaçari. Currently in the works employed 1,150 people. The first Continental tire plant in Brazil was opened in April 2006 after only 18 months of construction and currently has an area of 800,000 m². From the beginning it was designed for expansion.

Last year, Continental's market share reached in Brazil in the replacement market for passenger cars to record levels. With 25% sales increase in 2009 in the segment of passenger cars and 38% in the commercial vehicle segment is one of the best operating results in Brazil has achieved. Continental produced worldwide and has sold over 100 million tires.



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