Press release BoxID: 457496 (Continental Reifen Deutschland GmbH)
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Continental Invests further in China to Meet Rapid Growth Needs in the Biggest Automotive Market

Leading automotive supplier invests 300 million RMB (app. € 35 million) in a new factory in Changchun / Upping capacity to match robust development in China

(PresseBox) (Hannover, ) Continental, a leading international automotive supplier, continues its growth strategy in China and invests 300 million RMB (app. €35 million) in a second automotive electronics manufacturing plant in Changchun, China. With local government officials in attendance, Continental today celebrated the ground breaking of this new production facility. Full-fledged production is scheduled to commence in September 2012. By then the new plant will take over production for the Chassis & Safety and Interior divisions from the existing automotive electronics Changchun plant.

"Already in operation for 16 years, Continental Automotive Changchun Co., Ltd. is one of the most important manufacturing plants in China. It has played a significant role in helping us successfully establish ourselves in China. As part of our over-proportional profitable growth plans in China, this new plant represents another important step in our expansion plans, emphasizing our confidence in the Chinese market," said Jay Kunkel, Head of Continental China, in a statement.

With a workforce of approximately 2,500 and a broad product portfolio in production and R&D from all three automotive divisions, the existing plant currently manufactures products for 136 customers in 58 locations across China and exports to 73 customers in 19 countries worldwide.

Continental Reifen Deutschland GmbH

With sales of €26 billion in 2010, Continental is among the leading automotive suppliers worldwide. As a supplier of brake systems, systems and components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics, tires and technical elastomers, Continental contributes to enhanced driving safety and global climate protection. Continental is also an expert partner in networked automobile communication. Continental currently has approximately 160,000 employees in 45 countries.

The Automotive Group with its three divisions Chassis & Safety (sales of approximately €5.8 billion in 2010, 30,000 employees), Powertrain (sales of approximately €4.7 billion in 2010, 27,000 employees) and Interior (sales of approximately €5.5 billion in 2010, 30,000 employees) achieved sales of approximately €16 billion in 2010. The Automotive Group is present in more than 170 locations worldwide. As a partner of the automotive and commercial vehicle industry, it develops and produces innovative products and systems for a modern automotive future, in which cars provide individual mobility and driving pleasure consistent with driving safety, environmental responsibility and cost-efficiency.

The Chassis & Safety division develops and produces electronic and hydraulic brake and chassis control systems, sensors, driver assistance systems, airbag electronics and sensorics, washer systems and electronic air suspension systems. Its core competence is the integration of active and passive driving safety into ContiGuard®. The Powertrain division integrates innovative and efficient system solutions for vehicle powertrains. The comprehensive range of products includes gasoline and diesel injection systems, engine management, transmission control, including sensors and actuators, as well as fuel-supply systems and components and systems for hybrid and electric drives. Information management is at the very heart of the Interior division, which provides a range of products that includes instrument clusters and multifunctional displays, control units, electronic car-entry systems, tire-monitoring systems, radios, multimedia and navigation systems, climate control systems, telematics solutions and cockpit modules and systems.