HANOVER, Germany (May 6)—Continental A.G.'s plant in Korbach, Germany, has produced its 150-millionth radial car tire—a 195/65 R15 ContiPremiumContact. The Korbach factory was founded in 1907 as a branch of Mitteldeutsche Gummiwarenfabrik Louis Peter A.G. Production at that time included bicycle tires, solid tires and technical products made of rubber. In 1929, Louis Peter A.G. merged with Continental A.G. in Hanover. Radial tire production started in 1965 when daily capacity stood at 12,500 car tires. Capacity has more than doubled since then to 28,000 car tires, 2,400 industrial tires and 5,300 motorcycle and bicycle tires along with nearly 81 miles of hose. The plant employs 2,955 and generates about $160 million in sales annually.