GERMAN tyre firm Continental has broken ground on a US$215 million expansion of its car tyre plant in Hefei that will double the plant’s capacity by 2015. It will raise production to 16 million units/year of premium tyres – ContiComfortContact 5 and ContiMaxContact 5 – for the Chinese market.
According to the company, Asia is a key growth market and its additional investment in Hefei is a major step in this direction. Another tyre maker looking at the Chinese market with interest is Japanese firm Bridgestone
that is setting up a US$20 million facility in Guangdong to manufacture, process and sell foamed rubber, urethane and precision electronic components. Construction will commence in 2013.(PRA)
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