ContiTech Strengthens Presence in China
With the acquisition of the business of local manufacturer Taizhou Fuju Rubber Belt Manufacture Co., Ltd., ContiTech AG, Hanover, Germany, is purposefully continuing the expansion of its drive belt business in China. 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 m² 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 Fuju. 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.
