# Continental to invest R$175M in conveyor belt plant expansion in Ponta Grossa, Brazil

Continental announced a R$175 million investment to expand production of high-resistance steel-cord conveyor belts at its Ponta Grossa, Paraná plant. The facility will add 7,000 m², with operations expected to start in Q3 2024.

- Type: Expansion
- Announced: 2023-04-04
- Where: Ponta Grossa, Paraná, Brazil
- Value: $35.0M (175.0M BRL)
- Starts operating: Q3 2024
- Status: announced
- Products: steel-cord conveyor belts with resistance up to 10,000 N/mm
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

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

## Sources

- [industrianews.com.br](https://www.industrianews.com.br/2023/04/continental-investe-r175-mi-na-ampliacao-de-fabrica-no-parana/), 2023-04-04: "É um mercado que tem muita demanda de soluções para manuseio de matérias-primas como ferro e cobre, fruto da mobilidade urbanizada e elétrica."
- [novovarejoautomotivo.com.br](https://novovarejoautomotivo.com.br/continental-investe-aproximadamente-r-175-milhoes-na-fabrica-de-ponta-grossa-pr/), 2023-04-05: "Com o investimento, a companhia torna-se a primeira a oferecer esta tecnologia com produção local."
- [revistaminerios.com.br](https://revistaminerios.com.br/continental-constroi-nova-linha-de-correias-com-aco-em-ponta-grossa/), 2023-04-13: "A Continental está trazendo para o Brasil a tecnologia de correias transportadoras de alta resistência."

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