As one of the world's leading technical specialist in elastomer products and plastics technology, ContiTech holds a groundbreaking ceremony in Sino-German Eco Park in Qingdao, China today. Jianxiang Wang, Member of Standing Committee of Qingdao, Secretary of Working Committee of Qingdao West Coast New Area, Secretary of Huangdao District Committee, Fengli Li, CMC Director of Qingdao West Coast New Area, Chief Executive of Huangdao District, leaders of the government, New Area and Sino-German Eco Park, Hans-Jurgen Duensing, Member of the Executive Board of Continental AG and CEO of the ContiTech division, Song Qi, Head of ContiTech China and the relevant leaders are present for the ceremony.
The groundbreaking ceremony of the new plant marks a full start of the first-phase project. The new plant is located in the Sino-German Eco Park of Qingdao West Coast New Area with an initial floor space of approximately 15,000 square meters. The new plant has a projected annual output of about 15 million low pressure hoses in its first full-capacity phase. Depending on market development, the company intends to further expand the new plant in a timeframe of five years and is expected to be completed by 2020.
The hose plant in Qingdao is ContiTech's fourth plant for mobile fluid applications in China. As one of the largest hoses manufacturers in the world, ContiTech develops and produces various pipes and hoses for passenger cars, commercial vehicles, buses & industrial vehicles, including heating and cooling hoses, air-conditioning hoses, turbochargers and brake systems. The tailor-made solutions ensure us to provide the customer with top service. Currently, ContiTech has more than 40 locations worldwide producing hoses and hose lines for different kinds of industries.
Continental develops intelligent technologies for transporting people and their goods. As a reliable partner, the international automotive supplier, tire manufacturer, and industrial partner provides sustainable, safe, comfortable, individual, and affordable solutions. In 2015, the corporation generated sales of EUR39.2 billion with its five divisions, Chassis & Safety, Interior, Powertrain, Tires, and ContiTech. Continental currently employs approximately 215,000 people in 55 countries.
As a division in the Continental group, ContiTech is one of the world's leading industrial specialists. Its customers can be found in key industries such as machine and plant engineering, mining, the agricultural industry, and the automotive industry. With around 43,000 employees in 44 countries, the company uses its development and material expertise for products and systems made of rubber, plastic, metal, textile, and electronic components to combine these with individual services.
ContiTech always thinks in terms of customer-friendly and environmentally-friendly solutions - going well and truly beyond its roots as a producer of rubber products. With sales of EUR5.4 billion (2015), this international technology partner is active with core branches in Europe, Asia, NAFTA, and South America.