10/02/2010

www.gupta-verlag.de/rubber

ContiTech acquires JV for power transmission products in China

Previously, ContiTech held 60 % of the joint venture and the Ningbo Jiebao Group 40 %. As part of the acquisition, the manu­facturing location in Ninghai will be expanded and the Shanghai production will be transferred to Ninghai. In future the company will be called ContiTech Power Transmission (Ninghai) Ltd.

The joint venture started in 1999 with the aim of establishing a local production facility. In 2002, the location was expanded further and production of belts for industrial, non-automotive applications started. Today, around 700,000 automotive and 200,000 industrial belts are produced each year in Ninghai. Currently the Ninghai site employs around 120 people and approximately 100 people are working at the Shanghai site.

www.gupta-verlag.de/rubber