Continental Group has announced that the company will spend 165 million euros in the next few years to expand the Otrokovice plant in the Czech Republic to expand its production capacity for card and passenger tires .
The mainland Otrokovice plant currently produces 700,000 cards, passenger car tires, and 21 million passenger car and light truck tires each year. In the next five years, the plant will double the capacity of its card and bus tires to 1.5 million pieces/year, and it will also create more than 300 jobs.
Dr. Andreas Esser, head of the Commercial Vehicle Tire Business Unit in the Mainland, said: “This expansion project is a strategic move that we focus on long-term growth. In addition to Europe, the Middle East and Africa, the future Outlawowice plant will also develop into a Production base for the Americas and Russia."
In early 2013, Continental Tire announced two investment projects. One was to spend US$95 million to expand the production capacity of card and passenger tires at the Mount Vernon plant in the United States; the other was to spend US$100 million in Pujo, Slovakia. Puchov plant expands card and passenger car tires.
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