# 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.

- Type: Expansion
- Announced: 2017-03-28
- Where: Hefei, Anhui, China
- Value: $271.6M (250.0M EUR)
- Jobs: 1,350
- Status: under construction
- Capacity: 14 million tires per year
- Products: passenger tires, light-truck tires
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Continental](https://endata.com/companies/925.md)

## Sources

- [en.imsilkroad.com](https://en.imsilkroad.com/p/63385.html), 2017-03-28: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.