Continental Tyre will increase investment to US$450 million in Hefei-based factory, according to Anhui Provincial Administration of Commerce.
Hefei-based plant is located in Hefei Hi-Tech Development Zone and it operated in last May. The capital increase this time is for the second project and it is expected to be completed next July. It is learned that foreign enterprises have been increasing investment in Anhui since this year. In May, 18 foreign firms went through the procedures for capital increase.
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