Continental expands activities in China
The international automotive supplier is adding an additional 7,600 square meters of floor space to its Changshu plant to increase capacity and to install a new line for local production of the electronic parking brake. The total investment comes to €36m.
The company says electronic parking brakes are rapidly making inroads in every category of car and are becoming ever more commonplace.
The Changshu plant will begin supplying Chinese and Japanese vehicle manufacturers with locally produced electronic park brakes from 2014. Dr Ralf Cramer, president and CEO of Continental China, said: ‘I am very delighted about the investment, which not only responds to the robust local business growth development, but also demonstrates our commitment to exploring the booming Chinese market for sustainable growth in the future. China is an important growth motor for Continental and already the largest auto producer and market in the world. We are excited about continually expanding our investment in the Chinese market and confident in achieving over-proportional growth here.’
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