Continental has officially opened a fully automated high-bay warehouse at the tire production plant in Otrokovice, Czech Republic. It has a storage capacity of more than 930,000 tires. With the facility, the premium tire manufacturer is centralizing its warehouses in the area of Otrokovice.
The facility in the west-central Mexican state Aguascalientes will increase regional manufacturing capacities, generating in its first stage 200 new jobs
Philip Nelles, Member of Continental’s Executive Board for the Group Sector ContiTech: “Strengthening our industry business in the Americas region is a focus for us. It underlines our strategic approach to become the innovation leader and full range supplier for hydraulic hoses”
The construction of the plant is planned to begin in the second half of 2024
In accordance with Continental's sustainability ambition, the group sector ContiTech has taken the next concrete steps towards transforming its own production facilities into sustainable factories. ContiTech recently installed a new PV system in Timișoara, Romania. Other locations are expected to follow in the coming months. Furthermore, the group sector has chosen three production facilities worldwide as pilot projects to find the best approach for carbon neutral operations.
Continental officially opened its new corporate headquarters on December 13, 2023, at a ceremony held in Hanover, Germany. The campus on Hans-Böckler-Allee marks a further milestone for the technology company in its more than 150-year history. “We have created a place where our vision, values and culture can come alive in an open, connected and sustainable working environment. It is an expression of our sense of togetherness and a symbol of our long-term aspirations,” said Continental CEO Nikolai Setzer at the opening ceremony in Hanover on Wednesday.
At today’s Capital Market Day in Hanover, Continental announced its strategy for increasing value creation. To achieve its mid-term targets, the company will adopt a package of cost-reduction measures. It thus aims to achieve a consolidated adjusted EBIT margin of around 8 to 11 percent in the next two to three years and then improve within this range. The company has also sharpened its sales expectations. In the short term (two to three years), Continental aims to achieve total sales of around €44 billion to €48 billion.
Enno Straten (50) will become head of Continental’s Automotive Aftermarket business segment at Continental, effective November 1, 2023. This segment includes replacement and wear parts for the passenger car aftermarket, such as brakes, electronic components, service equipment or batteries. Straten succeeds Peter Wagner, who will pursue new tasks outside of Continental.
Continental has entered a strategic partnership with Munich-based high-tech company DeepDrive to develop core technologies for electric vehicles. As a first milestone, both companies will jointly develop a combined unit comprising drive and brake components for mounting directly on the vehicle wheel. DeepDrive is a specialist in the development of efficient electric motors, with many years of experience in large-scale automobile production. Continental, in turn, contributes its technological know-how in brake systems and its expertise in the industrialization of innovative technologies.
Continental has officially opened a fully automated high-bay warehouse at the tire production plant in Otrokovice, Czech Republic. It has a storage capacity of more than 930,000 tires. With the facility, the premium tire manufacturer is centralizing its warehouses in the area of Otrokovice.
