Continental Tires Hefei to help improve safety
June 27, 2013 Category Automotive, Automotive Metals & Minerals
A Hefei-based branch of Continental Corp, the leading German tire manufacturer aiming to become one of China’s top three tire makers and suppliers over the next few years, has vowed to enhance driving safety for Chinese customers. Michael Egner, General Manager of Continental Tires Hefei Co, which was set up with an investment of €185 million to manufacture premium tires, said that as Chinese people become more conscious of driving safety, Continental will take care of them. He said Continental Tires Hefei plans this year to produce 20-inch tires, self supporting runflat (SSR) tires and winter tires locally as part of its aim to produce 4 million passenger light truck (PLT) tires in the first phase of the Hefei plant. Statistics show total production in China, the world’s largest tire consumer, reached more than 483 million tires in 2012, accounting for about one third of global output. Yuan Zhou, Finance Manager of Continental Tires Hefei, said that last year Continental increased its investment in Hefei to €339 million, aiming for an annual production of 8 million PLT tires. The plant is designed to reach a capacity of 16 million tires and would eventually provide some 2,000 jobs to locals after extension work is completed. “Driving safety has lots to do with tires,” said Egner, stressing that Continental is renowned for contributing to enhanced driving safety and protection of the global climate. Located in the Hefei State Hi-Tech Industry Development Zone, Continental Tires Hefei is the largest foreign direct investment project to date in Anhui province. “Although the market share of Continental in China was less than 3% last year, we foresee huge potential in the future,” added Egner. “When the market becomes mature, people will be more conscious about the role of tires in driving. It is a matter of time, and I am confident in our products,” Egner said, as reported by the China Daily.
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world