Bigger presence
By Richard Fu |
August 31, 2012, Friday
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Print Edition
Print Edition
CAR parts and tire maker Continental AG yesterday furthered its footprint in China by expanding a facility and announcing to build another. The German firm opened the 120 million yuan (US$18.9 million) second phase of its Jiading plant in Shanghai for products such as door control units. Continental also said it will build a new factory in Wuhu, Anhui Province, for its interior division. The plant requires initial spending of 33 million euros (US$41.4 million) for land and building.
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