Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
March 16, 2004 01:00 AM

Conti to add tire plant in Brazil

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    HANOVER, Germany (March 16)—Continental A.G. will build a tire plant in Brazil by 2006 as part of a $305 million, four-year plan to increase global tire capacity by 7 million car and 700,000 truck tires.

    The investment sum also includes funding to expand capacity at the firm's Continental Sime Tyre operations in Malaysia. The new capacity will serve mainly to supply the North America Free Trade Association region, Conti said, where its supply of tires produced in low cost countries is lower than it deems necessary.

    Conti will invest $183 million in the first phase and an additional $122 million to complete the project by 2008. The new output represents a 30-percent increase in the firm's global capacity.

    "The new economical capacities are just what we need to turn our passenger tire business around in the NAFTA region and to attain profitable growth," said Martien de Louw, Continental's executive board member responsible for passenger tires. "We assume that the market in the NAFTA region will grow by 11 percent to 382 million passenger tires by 2008. We are getting ready now to deal with this growth."

    In Brazil, Conti will set up plant in Camacari, Bahia, with production of car tires slated to start by early 2006 and commercial vehicle tires a year later. The project will create more than 1,000 jobs.

    Prior to that, Conti said, Continental Sime Tyre will expand production at its sites in Alor Star and Kuala Lumpur, Malaysia, the latter with an emphasis on commercial vehicle tires.

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    European rubber recycling gaining 'unprecedented traction'
    2
    Align Capital adds N.H. distributor to Marco Rubber & Plastics portfolio
    3
    Supply chain ‘scramble' likely to continue into 2023
    4
    Industry braces for return of Superfund excise taxes
    5
    Bridgestone christens Firestone race tire plant
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION