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February (2023)
Continental Rubber Group: Strategic Realignment of ContiTech Sector Link...
Continental is strategically realigning its ContiTech group sector with the aim of increasing effectiveness and efficiency as well as customer and market proximity. The group sector specialising in material-driven solutions, will focus even more strongly on the expansion of its industrial business via integrated solutions. The industrial business will be divided into three business areas with a regional focus: Industrial Solutions Americas, Industrial Solutions APAC (Asia & Pacific) and Industrial Solutions EMEA (Europe & Middle East). The majority of ContiTech’s automotive activities will be consolidated in the Original Equipment Solutions business area, which will operate globally in accordance with its customer structure.
Trelleborg A.B.: Finalises Divestment of Printing Blanket Operations Link...
Trelleborg Group has finalized the divestment of its printing blanket operation to Continental, which intends to integrate the operation into its ContiTech business area.
November (2022)
Automotive: Continental Receives Major Award for Semi-Dry Brake System Link...
Continental has received a major award in the third quarter for the series production of its semi-dry brake system (also known as Future Brake System, FBS), valued about €1.5 billion. The start of series production with a North American car manufacturer is planned for 2025. Continental will be introducing a technology change at its customer from wet to a semi-dry-brake system, which will include several new components. Continental’s Future Brake System uses electromechanical brakes on the rear axle which are operated “dry”, without brake fluid. On the front axle, the wheel brakes continue to be operated hydraulically. The new technology also includes the second-generation brake-by-wire system MK C2.
July (2022)
Continental Rubber Group: Acquires WCCO Belting Link...
Continental has acquired family-owned belting manufacturer WCCO Belting headquartered in Wahpeton, North Dakota. The acquisition complements its conveyor belting customer portfolio and strengthens its Conveying Solutions business in the agricultural industry. Equipment manufacturers, distributors, dealers, and farmers will benefit from a combined product and service portfolio generating a full multi-tier offering that will enable better support and service.
June (2022)
Continental Rubber Group: Transforming Mobile Fluid Systems Production Sites Link...
Continental is reorganising its German hose sites in Waltershausen, Korbach, and Northeim as well as the Oedelsheim/Hann. Münden production network with completion due in late 2025. The transformation in the automotive industry has accelerated enormously due to the current overall economic and political situation. In addition to overcapacities for rubber hoses for combustion engines, another reason for the reorganization is the high cost pressure and the associated need to secure the competitiveness of its hose business. New growth opportunities are appearing in areas such as battery and fuel cell vehicles which require innovative solutions for hose components and complex line systems for thermal management - this is a key area of future focus.
February (2022)
Continental Rubber Group: Investing in Steel Cord Conveyor Belt Production in Brazil Link...
Continental plans to significantly expand its capacities in Brazil with an investment of 25 million euro. The additional capacity enables Continental to meet the growing need for high strength belts used in mining operations throughout the South American market. The expansion also includes mixing areas to accomodate future compound demand as well as buiding expansions and installation of a press line. Start of production at the new facilities (location in Brazil is not currently chosen) is tentatively scheduled for early 2024.
November (2021)
Trelleborg A.B.: Divesting Printing Blankets Operation Link...
Trelleborg Group has signed an agreement to sell its printing blankets operations to Continental for integration into Continental's ContiTech business area. This sale concludes Trelleborg's December 2019 strategic review implementation following divestment of companies with a combined sales revenue of SEK3200M. The printing blankets divestment is expected to be finalised 1H 2022.
May (2021)
Continental Rubber Group: Opens Electronic Suspension Systems Plant in China Link...
Continental A.G. has opened a new plant for electronic suspension systems in Changshu, China. The plant will manufacture air suspension modules and air supply systems ramping up to 200k units pa.
December (2020)
Continental AG: Greater Sustainability for Emission-free Vehicles Link...
Continental is making its emission-free mobility business completely carbon-neutral worldwide by 2022, as part of its Carbon Neutral for Emission-free Vehicles program. Emission-free vehicles include electric cars as well as other means of transport such as hydrogen fuel-cell vehicles and trams. The neutralization of CO2 emissions will be achieved in the first step by generating equal, so-called negative emissions. To this end, all emissions resulting from the procurement and supply of raw materials, from the company’s own production and from recycling at the end of use will be neutralized to the same extent. Neutralization will mainly comprise the planting of trees and other options associated with the restoration of ecosystems. These and other methods are currently being assessed. In any case it leads to net carbon neutrality. Neutralization will be calculated on the basis of the verified CO2 figures in the latest sustainability report and the annual report. The partners for the program will be carefully selected in the course of the coming year.
The above inititiative is part of a comprehensive sustainability roadmap including all Continental production to be carbon-neutral by 2040, and its entire business by 2050.
August (2020)
Continental Rubber Group: Expanding AVS R&D Auburn, Indiana Link...
Continental plans to invest more than $4 million to grow its ContiTech Vibration Control business unit in DeKalb County, renovating and equipping a facility at 207 S. West. St. in Auburn. The 100,000-square-foot building will accommodate the consolidation of existing technical centers in Canada and Michigan, while supporting the company’s efforts to increase efficiencies in its anti-vibration systems. Continental plans to be fully moved into the facility by the end of 2024.
February (2020)
Continental Rubber Group: Starting Brazilian Production of Air Springs for Buses and Trucks Link...
Continental has expanded its existing production capacities in Brazil to include the production of air spring systems for the local OE and RP truck, bus and trailer market.
June (2019)
Continental Rubber Group: In Discussions to Close Contitech Oppenweiler Location Link...
Continental is in discussions with the local works council regarding the closure of the Oppenweiler location.
The Oppenweiler plant produces refrigerant piping used in passenger and commercial vehicles. Sales have been declining for the past 6 years with the trend expected to accelerate. This was worsened by the loss of a large customer project.
April (2019)
Continental Rubber Group: Finalises Acquisitioin of Cooper Standard's Anti-Vibration Systems Business Link...
The acquistion of Cooper Standard's AVS business has been completed. The transaction included facilities in Auburn, Ind, Mitchell, Ontario, Rennes France as well as related assets in Poland, China and an equity interest in a JV in India.
November (2018)
CooperStandard: Divesting Anti-Vibration Systems Business to Continental AG Link...
Cooper Standard have announced that they have reached an agreement regarding the divestiture of its anti-vibrations systems (AVS) business to Continental AG. The agreement includes a binding offer from Continental AG to purchase substantially all of Cooper Standard's anti-vibration business in France and its respective interest in the joint venture in India on the basis of which the parties will pursue signing of an agreement in the next few weeks, once works council consultations have taken place. Completion of the divestiture is subject to the approval of the respective antitrust authorities and the signature of the aforesaid agreement for the French business.
January (2018)
Continental Rubber Group: Investing $9.3 Million Expanding Mixing Operations in Norfolk, Nebraska Link...
Continental has announced a $9.3 million expansion of the rubber mixing operations at its industrial hose plant in Norfolk, Nebraska, to accommodate its North American manufacturing facilities by providing rubber for industrial hoses and whitewall tires for passenger cars.
October (2017)
Continental Rubber Group: ContiTech Develops Durable Rubber Timing Belt Link...
ContTech has developed one of the strongest rubber timing belts on the market. With a hybrid glass carbon tension member and a new high tech compound the belts are targetted at durable drive solutions for challenging applications such as machine tools, industrial robots etc.
November (2016)
Continental Rubber Group: ContiTech Breaks Ground on New Hose Plant, Qingdao China Link...
ContiTech holds a groundbreaking ceremony in Sino-German Eco Park in Qingdao, China. The new plant has a projected annual output of about 15 million low pressure hoses in its first full-capacity phase. Depending on market development, the company intends to further expand the new plant in a timeframe of five years and is expected to be completed by 2020.
August (2016)
Continental Rubber Group: Closure of Marine & Mining Hose Operation Link...
London – ContiTech has confirmed the closure of a marine- and mining- hose production plant in Çerkezköy, Turkey due to global downturn.
Continental Rubber Group: Acquires Vulcanite Link...
Vulcanite is a Sydney based specialist designing and manufacturing rail suspension, noise and vibration isolators. Plants are located in Sydney and Seremban, Malaysia.
July (2016)
Continental Rubber Group: Closes Bowmanville Conveyor Site, Canada Link...
HANOVER, Germany—ContiTech A.G. has closed its site in Bowmanville, Canada, due to the continuing global economic downturn in mining and particularly, the coal industry, over the last two years.
Continental Rubber Group: Planning New Automotive Hose Plant, Qingdao, China Link...
ContiTech has signed a memorandum of understanding to build a new automotive hose plant in Qingdao, China.
June (2016)
Continental Rubber Group: Expanding Hungarian Manufacturing Capacity Link...
ContiTech AG is expanding operations at its fluid systems unit in Makó and also at its airspring and compounding unit in Nyíregyháza.
April (2016)
Continental Rubber Group: Opens Second Production Hall at ContiTech Changshu Facility Link...
Changshu, China – ContiTech AG’s mobile fluid systems business has opened a second production hall at ContiTech China Rubber & Plastics Technology’s current manufacturing facility in Changshu. The unit produces turbocharger hoses and heating/cooling hoses for the automotive sector.
March (2016)
Continental Rubber Group: Closes ContiTech IMAS S.A. Greece Link...
Following a review of its manufacturing footprint, ContiTech decided to close the conveyor belt facility in Volos, Greece. This was a relativly small capacity plant which is now surplus to requirements following the down turn in the mining sector.
January (2016)
Continental Rubber Group: Expanding Industrial Hose Unit, Mount Pleasant Link...
ContiTech is expanding industrial hose production at its Mount Pleasant factory.
December (2015)
Continental Rubber Group: Closing Bowmanville Site Link...
Continental Rubber is closing the Bowmanville, Ontario conveyor belting site recently acquired from Veyance
July (2015)
Continental Rubber Group: Expands Hose Assembly Plant in Subotica Link...
Subotica, July 8, 2015. ContiTech Fluid Serbia is planning to expand the hose assembly plant in Subotica, Serbia to include another production building. A corresponding declaration of intent was signed today with the Serbian government. In this, the two sides pledge mutual support for this project.
The expansion to include a 12.000 m2 production building, in which the company will invest about 17 million euros, will more than double the shop floor area. Some 500 new jobs will be created.
June (2015)
Continental Rubber Group: Sells Veyance Technologies’ Air Springs Business in the NAFTA Region Link...
Hanover, June 3, 2015. ContiTech entered into an agreement to sell Veyance Technologies’ North American air springs business to Charlotte-based EnPro Industries Inc. The air springs business will be managed as part of EnPro’s STEMCO division. The divestiture had been required by anti-trust authorities in the U.S., Mexico and Brazil as part of ContiTech’s acquisition of Veyance Technologies in January 2015. The transaction includes approximately 500 employees in San Luis Potosi, Mexico, and about 30 commercial and R&D employees in Fairlawn, Ohio, U.S. and Canada.
Continental Rubber Group: Phoenix Compounding Technology New Compounding Plant China Link...
Phoenix Compounding has also set up further compounding capacity in Changshu, China. A new compounding plant will go into operation there in July 2015, from where external customers in the region will also be supplied.
January (2015)
Continental Rubber Group: Concludes Veyance Acquisition Link...
Hanover/Fairlawn, U.S.A., January 30, 2015. Continental has concluded its acquisition of the U.S. rubber company Veyance Technologies Inc, of Fairlawn, Ohio, on January 30. On January 29, the Brazilian antitrust authority CADE (Council for Economic Defence) cleared the transaction with certain conditions, thus providing the approvals necessary for completion. International automotive supplier, tire manufacturer and industrial partner Continental is boosting its worldwide industrial business with this acquisition, which is the most significant acquisition in recent corporate history. The transaction is valued at 1.4 billion euros.
July (2014)
Continental Rubber Group: Expands Hose Assembly Plant in Subotica Link...
Subotica, July 8, 2015. ContiTech Fluid Serbia is planning to expand the hose assembly plant in Subotica, Serbia to include another production building. A corresponding declaration of intent was signed today with the Serbian government. In this, the two sides pledge mutual support for this project.
June (2014)
Continental Rubber Group: Develops Lighter and More Durable Materials for Vehicle Components Link...
Hanover, June 2015. ContiTech Vibration Control has developed two new products for use in the automotive industry. The new developments include a protective gaiter for premium-class passenger cars. Attached inside the wheel arch, it protects the elements of the vehicle's air suspension against stone impact, thereby extending the service life of the sensitive area. What sets the new version from ContiTech apart is the material used, which ContiTech has developed specifically for these applications. The main component is thermoplastic polyurethane. It is much more flexible and has greater rebound strength than the standard material made from thermoplastic polymers. This means that its resistance capability is much greater.
March (2014)
Continental Rubber Group: ContiTech DaeWon Air Springs Expansion Link...
Cheonan, South Korea – The joint venture ContiTech DaeWon Air Springs Ltd. is further expanding its presence in Cheonan with its own production site in a new industrial complex. The 5,000 square metres of space will enable an annual production capacity of 180,000 air springs. The inauguration coincides with the tenth anniversary of the joint venture between ContiTech and automotive supplier DaeWon Kang Up. "The new building clearly says something about the future of our joint venture," said Hannes Friederichsen, head of ContiTech Air Spring Systems.
February (2014)
Continental Rubber Group: Continental Plans to Purchase Veyance Technologies Link...
HANOVER, Germany—Continental A.G. plans to purchase Veyance Technologies Inc. from the Carlyle Group for an estimated $1.91 billion. Once the transaction, subject to the approval of antitrust authorities, is complete, Veyance will be integrated into Continental’s ContiTech A.G. division. The deal will expand the division’s position in rubber and plastics technologies on a global basis, said Elmar Degenhart, chairman of Continental’s executive board in Hanover.
January (2014)
Continental Rubber Group: Expansion of Drive Belt Business China Link...
Hanover, Germany − ContiTech AG continues the expansion of its drive belt business in China with the acquisition of the business of local manufacturer Taizhou Fuju Rubber Belt Manufacture Co. To date, the Chinese company, founded in 1993, has predominantly manufactured drive belts for the automotive replacement business and for industry in general. In the future, ContiTech will make use of a 33,000-square metre production complex just completed at the start of the year. It is being mostly fitted out with new machines and offers space for further expansion. The plant is located in Sanmen in Zhejiang province, south of Shanghai. ContiTech, a division of the international automotive supplier, tire manufacturer and industrial partner Continental, will be taking on a total of around 100 employees from Taizhou Fuju. "This acquisition enables us to achieve further above-average growth in China," says Heinz-Gerhard Wente, member of the Executive Board at Continental and head of the ContiTech division. "In a very short time frame, we are expanding our production capacities in China and strengthening our drive belt business unit." From spring 2014 on, ContiTech will be manufacturing mainly V-belts and V-ribbed belts for the automotive OEM market, the automotive aftermarket, and industry in general in Sanmen. The new plant is just 50 km away from the ContiTech plant in Ninghai, where belts for the automotive sector and for industry in general are manufactured.
August (2013)
Continental Rubber Group: Expansion at Dolne Vestinice Factory, Slovakia Link...
ContiTech A.G. is expanding the existing site at Dolne Vestinice, Slovakia to add additional R&D facilities to support the manufacture of automotive sealing and anti vibration components.
January (2013)
Continental Initial Key Figures Fiscal 2012 Link...
2012 Sales increase by over 7% to around €32.7 billion with an adjusted EBIT margin increased to 10.7% from 10.1%. Forecast for 2013 is +5% SR growth with EBIT remaining above 10%.
November (2012)
Continental to invest E17MM for new oil and marine hose plant in Brazil Link...
. Construction is scheduled to commence in spring 2013, with production set to begin one year later.
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