ContiTech operations post gains

HANOVER, Germany (March 29)—ContiTech Holding GmbH´s eight separate business units all posted positive operating results in fiscal 2000, the first time that has happened since parent Continental A.G. restructured its non-tire assets into a holding a decade ago. The holding´s performance coincides with Conti´s decision to divest six of the eight businesses, representing more than three-fourths of ContiTech´s sales. For fiscal 2000, ContiTech´s pretax operating result increased by 6.8 percent to $128 million while sales rose 4.2 percent.