HANNOVER, Germany (March 11, 2010)—ContiTech A.G. has inaugurated its newly-completed $55 million state-of-the-art development, production, sales and administrative facility in Changshu, Jiangsu Province, China.
ContiTech said three business units will initially operate at the plant—Air Spring Systems (air suspension systems), Fluid Technology (hoses and hose line systems) and Vibration Control (including acoustic insulation).
Production will be mainly for the Chinese and Asian markets, although a further expansion, including a rubber compounding center, is planned for the future, ContiTech said.
ContiTech has nine production plants and 1,200 employees in China and increased sales in the country by 34 percent in 2009. The company said it aims to more than double current sales volume in China by 2014 to about $410 million.