Conti expanding Hefei, China tire plant
Continental AG announced last week that it is expanding its tire plant in Hefei, China. The project will see the gradual ramp-up of the current production capacity of five million car tires per year to 14 million units by 2019. Capacity for bicycle tires will increase from 2 million units/year at present to 13 million units/year by 2025. To date, Continental has already invested €250 million in the Hefei plant and by the time the agreed investment plans have been realized the total will have surpassed €500 million.