Continental Tyre Plant in Kaluga plans to double its production volumes in 2016. The information was provided to a TASS reporter by the Company's Media Relations.
Germany-based automotive part supplier Continental has announced it has opened a $330 million tyre plant in Kaluga, Russia.
“The new tire plant in Kaluga is the core element of the company’s development strategy in Russia. The plant is equipped with cutting-edge technologies and at the moment is Continental’s most advanced plant,” Continental said.
The capacity of the plant at the first stage will amount to 4 million tyres a year.
The plant plans to produce popular Russian tyre brands for cars and light trucks, including Continental, Gislaved and Matador. The plant will have a staff of 800 by 2015.
Germany-based automotive part supplier Continental has announced it is investing around $25.8 million in its plant in Kaluga, Russia.
This investment will significantly expand Continental's capacity to produce engine control and fuel supply units. "The Russian vehicle market is one of the fastest-growing markets in the world. This is why Continental is also set on expanding its operations here and intends to position itself as the world's leading supplier of electronics," said Jose Avila, head of the Powertrain Division and member of the Continental AG Executive Board.
The new investment at the plant is designed for an output of up to a million engine control units per year. The aim is to meet the growing demand for electronically controlled engine systems. Around $25.8 million will be invested in land, buildings, plant and equipment. The design allows for a production area of 7,200 square metres and will be finished by June 2013. Production is due to start in February 2014. Once the new plant is in operation, Continental Powertrain plans to have created around 100 new jobs by 2016.
Over the coming years, stricter emissions standards will significantly increase the requirement for economical, low-emission injection systems; from the start of 2013, new cars must meet the Euro 4 standard. Euro 5 will apply from 2015.
Germany-based automotive supplier Continental has announced it is to open a new manufacturing line at its plant in Kaluga, Russia.
Once fully operative, this automated, production line can deliver up to 500,000 fuel supply units (FSUs) per year. Typically FSUs are mounted inside a vehicle's fuel tank where they combine a number of functions in a single compact unit, which comprises electronics and mechanical components.
Jose Avila, Head of the Powertrain Division and Member of the Continental AG Executive Board, said: "Russia is very important for our powertrain activities. That is why we are now preparing to manufacture yet another Continental product locally at a later stage. So fuel supply units will definitely not be the last step within our long-term strategy."
By the end of 2012 there will be about 400 Continental staff at the Kaluga plant.
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Continental is an automotive industry supplier, producing tyre and brake technology, vehicle dynamics control, electronics and sensor systems with the aim of making vehicles safer and more comfortable.