Conti investing €100m in Portugal plant

摘要

PORTUGAL: Continental Corp.is committing €100 million to add capacity for larger diameter radial earthmoving and port materials-handling tires at its 73-year-old tire plant in Lousado.The new capacity will be housed in a hall being built adjacent to the expansion opened in 2017 for radial agricultur-al tire production, said Conti, which is also expanding on-site R&D dedicated to off-road tires.The production hall, it stated, will be equipped with state-of-the-art tire building machinery and automated devices, designed to deliver”cutting-edge”radial tires.The facility is designed to produce three earthmoving tire lines and three port tire lines with rim diameters larger than 24 inches.The new production is expected to add 100 jobs to the plant's existing workforce of 2,000.