FAIRLAWN, Ohio—Continental has its sights set on growing its share of the North American hydraulic hose market and is backing that vision with a $40 million investment to expand production.
The Fairlawn-based company plans to begin construction later this year on a new industrial hydraulic hose plant in San Luis Potosi, Mexico. The move, Conti said, will "increase and complement" existing manufacturing throughout the North American region and around the globe.
"The over-proportional growth in North America is a focus for us," Andreas Gerstenberger, who over-sees Continental's global Industrial Fluid Solutions business, said in a statement. " … The new facility will allow us to further expand our hydraulics business with the most compelling portfolio of hoses available and continue to strengthen our commitment to our customers and the North America region. It underlines our strategic approach to be the top performer in our markets."