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ContiTech AG

ContiTech, a unit of Germany-based automotive industry supplier Continental AG, has expanded its manufacturing presence in Kaluga.

A new hose factory has been completed. The facility currently employs about 90 people but this figure is expected to grow to 160 by 2015. The firm has invested about USD 23.2 million to build the plant.

"Kaluga is part of our strategy to continue positioning ContiTech internationally and be close to our customers, given that the Russian automotive market is one of the fastest growing markets in the world. Its importance for Europe continues to grow. We want to help shape this future and participate in this growth," - said Heinz-Gerhard Wente, Head of ContiTech.
18 July 2014
Investor
2014
285.5 mln
Jobs: 90
Kaluga region

Investor profile

ContiTech AG

Hannover, Germany

Company's website: www.contitech.de

T: +49 51193802

Private company

Contact: Gerhard Lerch, CEO

The world’s leading manufacturer of plastic and rubber goods

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