HANOVER, Germany—ContiTech A.G. has reorganized its conveyor belts business to focus more on industrial applications business in the future, the German company has announced.
In the new structure, which took place in October 2016, ContiTech has put together the industrial business segment and conveyor belts segment.
"This is not a merger but an internal reorganization. We put together two segments (not business units) with similar customers," ContiTech spokesman Mario Toepfer said. "This is so we have one face to the customers. We're not doing this to economize on jobs, but to provide better support for our customers and, in turn, to ensure growth."
With the new segment called 'industrial belt solutions', the company expects to offer greater product diversity for bulk material industries and provide new opportunities in the off-highway sector.
"Our conveyor belt portfolio for industrial applications is growing steadily. Service and digitalization also offer the business further potential," explained Michael Hofmann of the ContiTech Conveyor Belt Group, who has taken on the role of segment head.