Continental AG to Up Tire Investments - Tire Review Magazine

Continental AG to Up Tire Investments

Continental AG has announced plans to invest more than $1.38 billion by 2016 in its global tire division to upgrade products and expand manufacturing outside its home region.
A plant at Modipuram, India, will begin operating this year, following the start of a new production line in Sumter, S.C., in January and a factory in Kaluga, Russia, last October, the company said. Volume will increase by more than 20 million tires “in the run-up” to 2016, it said.
The tiremaker is scheduled to release earnings figures for 2013 on March 6.

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