Continental AG (Continental AG) recently said that the company plans to invest $ 275 million new tire plant in Russia. The company said that the new plant in Russia is expected to start production in the fourth quarter of 2013.
Relevant person in charge told the media "European Rubber Journal" (European Rubber Journal) that the new Russian plant is only part of the company's global expansion plan. In the next few years, Continental will invest more than US$1.35 billion globally to increase tire production capacity.
The Continental Group stated that it hopes to disclose the new factory site in Russia to the public by the end of June 2011.
It is reported that after the completion of the plant, its tire production capacity will be 4 million. The company said that the new Russian plant will produce continental brands such as Continental, Gislaved, Barum, and Matador, aiming at the high-end A-class tire market and the low-end B-class tire market. Can be competitive.
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