Continental AG sets sight on Hefei plant expansion.
Continental AG has set its sights on the 250 million euro ($271.58 million) expansion of its Hefei, Anhui province, China tyre production plant into operation on 28 March. Total investment in the Hefei plant is now said to be 570 million euros.
According to China Daily, annual production capacity will be increased to 14 million tyres in two years from the current 8 million tyres annually. The Hefei plant mainly produces passenger and light-truck tyres and reportedly “mainly supplies the domestic market”.