ContiTech Transportbandsysteme GmbH, Northeim, is expanding
its position in the market and is taking over the Moers plant of
Metso Minerals (Deutschland) GmbH, Bochum. Around 60
employees at the plant, which is part of the Finnish Metso group,
manufacture Flexowell and Pocketlift conveyor belts, which are
primarily used in the mining, chemical and steel industries to
transport loose bulk material up steep inclines.
“By doing this we are globally opening up additional markets
for ContiTech and are developing our capacities for special
conveyor belts,” said Hans-Jürgen Duensing, head of the
ContiTech Conveyor Belt Group business unit. “The purchase
represents the acquisition of additional know-how and numerous
special belt patents for ContiTech. This consolidates our market
ContiTech will continue manufacturing and engineering at the
Moers plant. Both sides have agreed not to disclose the
purchase price. The transfer of business took place on 1 May
this year.
With sales of approximately €20 billion in 2009 Continental
is among the leading automotive suppliers worldwide. As a
supplier of brake systems, systems and components for
powertrains and chassis, instrumentation, infotainment solutions,
vehicle electronics, tyres and technical elastomers, Continental
contributes to enhanced driving safety and global climate
protection. Continental is also a competent partner in
networked automobile communication. Continental currently
employs approximately 134,500 in 46 countries. The ContiTech
division holds a global market leadership position for many
non-tyre rubber products and is a specialist in plastics
technology in the non-tyre rubber sector. The division develops
and produces functional parts, components and systems for the
automotive industry and other important industries. The
division has a workforce of approximately 22,000 employees. In
2009, ContiTech reported sales in the order of €2.4 billion.