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Continental's ContiTech unit will build a hydraulic hose plant in Aguascalientes, Mexico, with an investment of around 90 million dollars. The first stage will create more than 200 jobs, with construction planned for the second half of 2024 and operations expected in the second half of 2025.
Continental announced a project to invest close to 210 million euros in expanding its Silao Las Colinas operations in Guanajuato, Mexico, adding floor space and building a new 12,600 m2 plant for electronic control units, expected to create 1,500 direct jobs over three years.
Continental will invest over $40 million to build an industrial hydraulic hose production facility in San Luis Potosi, Mexico, creating about 150 jobs. The plant will add capacity for North American customers.
Continental signed an agreement to acquire Trelleborg's printing solutions business, headquartered in Lodi Vecchio, Italy, which has about 640 employees. The purchase price was not disclosed and completion is subject to antitrust approval.
Continental announced a roughly €60 million expansion of its San Luis Potosí automotive plant, adding about 20,000 square meters of production floor and a fully automated high-bay warehouse for disc brakes and electronic parking brakes. Full operation is expected by October 2022.
Continental is building a new plant in New Braunfels, Texas, to produce radar sensors for driver assistance systems, with about EUR 100 million to be invested over three years. The plant is to add 130 jobs, with construction starting mid-2020 and production in 2021.
German group Continental completed the takeover of Merlett Tecnoplastic, a Daverio, Italy plastics manufacturer with about 510 employees, which becomes part of its ContiTech division. The handover ceremony was held in Varese on 9 November 2019.
Continental has agreed to purchase Cooper Standard's anti-vibration systems business, including North American operations, substantially all of its French anti-vibration business and its stake in an Indian joint venture. Completion is subject to antitrust approval and French works council consultations.
Continental has acquired Custom Machining Services, Inc., a Valparaiso, Indiana maker of hose assembly equipment, crimpers and dies, to expand its industrial hose services. Terms were not disclosed.
The Continental-HASCO joint venture Continental Huayu Brake Systems (Chongqing) started operation at a new 80,000 square meter plant in Chongqing Liangjiang New Area, with over CNY 600 million invested, to make brake calipers, vacuum boosters and electric parking brakes.
Continental is investing approximately $12 million in its ContiTech PVC hose business, creating a new competence center at its upgraded Mount Pleasant, Iowa plant, with more than 40 jobs added.
Continental celebrated completion of a major expansion at its Juárez 1 plant in the Parque Industrial Panamericano, which will add two new products, a BLDC motor and a Mass Air Flow sensor, over the next two years.
