Stakes stepped up in Eastern Europe

摘要

The ContiTech Conveyor Belt Group, North-eim/ Germany, has purchased the Serbian conveyor belt company Univerzal Kolubara d.o.o. The acquisition was concluded on 06.04.2009. "This is an important building block in our strategy of establishing a firmer foothold on the Eastern European market. At the same time it guarantees us a stable base for expanding business outside the automotive industry," noted Heinz-Gerhard Wente, member of the ContiTech AG Executive Board, after the agreement was signed. ContiTech intends to invest in production at the location to meet the demand for conveyor belts.