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ContiTech Takes Over Chinese Conveyor Belt Maker on June 1, 2011
Acquisition bolsters position in Middle Kingdom / Plant to be expanded further / Industrial conveyor belts from local production in the future
"This move gives us a new market in an up-and-coming region and strengthens ContiTech's position in China," says Hans-Jürgen Duensing, general manager of the ContiTech Conveyor Belt Group. "We already manufacture conveyor belts for industrial applications at a number of locations worldwide. Now we can supply the Chinese market with products made right in the country. We are set to further expand the plant."
Situated in the port city of Tianjin, 120 kilometers southeast of Beijing, the plant produces mainly conveyor belts for metal and cement processing and mining, as well as for power plants, port operations and the automotive industry. It has a workforce of around 150.
ContiTech has been active in China already for 30 years. ContiTech currently produces hose line systems, vibration components, air springs, surface materials, conveyor belts, drive belts, coated fabrics and other components and systems locally at nine modern production plants. It is thus able to very successfully serve the needs of automakers, machine and plant engineering and construction, mining, the printing industry, and rail transportation. ContiTech presently has 2.100 employees in China.
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