Continental expands Hefei tire plant with €250M investment

Continental AG launched the third phase of its expansion plan at its Hefei, Anhui plant, investing €250 million ($271.58 million). The expansion will increase annual tire production capacity from 8 million to 14 million units within two years and double employment to over 2,700.

“Continental AG, the German tire and automotive components giant, put its 250 million euro (271.58 million U.S. dollars) expansion plan in Hefei, Anhui province, into operation on Tuesday.”en.imsilkroad.com

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• en.imsilkroad.comContinental launches 270mln USD expansion plan in Anhui - Xinhua Silk RoadMar 28, 2017

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