A new face drilling rig for narrow tunnels and ... - Advanced Mining
A new face drilling rig for narrow tunnels and ... - Advanced Mining
A new face drilling rig for narrow tunnels and ... - Advanced Mining
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CONTITECH<br />
Issue 04 | 2010<br />
NEWS & REPORTS<br />
BUYS<br />
CHINESE CONVEYOR BELT MANUFACTURER<br />
TO OFFER CHINESE CUSTOMERS LOCALLY PRODUCED INDUSTRIAL CONVEYOR<br />
BELTS IN THE FUTURE - ACQUISITION BOLSTERS POSITION IN MIDDLE KINGDOM!<br />
Northeim/Tianjin, October 18, 2010. The ContiTech<br />
Conveyor Belt Group, Northeim, is acquiring the conveyor<br />
belt operations of Tianjin Xinbinhai Conveyor Belt Co., Ltd.,<br />
Tianjin. The relevant agreements were signed in China today.<br />
With a work<strong>for</strong>ce of around 200, the company produces<br />
mainly conveyor belts <strong>for</strong> metal <strong>and</strong> cement processing<br />
<strong>and</strong> other sectors of industry at its plant in Tianjin, a port<br />
city situated 120 kilometers southeast of Beijing. „This<br />
move gives us a <strong>new</strong> market in an up-<strong>and</strong>-coming region<br />
<strong>and</strong> strengthens ContiTech’s position in China,“ says<br />
Hans-Jürgen Duensing, general manager of the ContiTech<br />
Conveyor Belt Group. “We already manufacture conveyor<br />
belts <strong>for</strong> industrial applications at a number of locations<br />
worldwide. Now we can supply the Chinese market with<br />
products made <strong>rig</strong>ht in the country.” Both sides have<br />
agreed not to disclose the purchase price.<br />
Claus Peter Spille (in the Middle), division manager of ContiTech<br />
Conveyor Belt Group in Northeim, signed the agreement in China.<br />
ContiTech has been active in China already <strong>for</strong> 30<br />
years. It currently produces hose line systems, vibration<br />
components, air springs, sur<strong>face</strong> materials, conveyor<br />
belts, drive belts an coated fabrics locally at nine modern<br />
production plants <strong>and</strong> is thus able to very successfully serve<br />
the needs of automakers, machine <strong>and</strong> plant engineering<br />
<strong>and</strong> construction, mining, the printing industry, <strong>and</strong> rail<br />
transportation. ContiTech presently has 1,800 employees<br />
in China.<br />
FOR MORE INFORMATION AND CONTACT:<br />
ContiTech AG<br />
eMail: mailservice@contitech.de<br />
Internet: www.contitech.de<br />
The ContiTech AG<br />
With sales of approximately €20 billion in 2009, Continental is among the leading automotive suppliers worldwide. As a supplier of brake systems, systems <strong>and</strong><br />
components <strong>for</strong> powertrains <strong>and</strong> chassis, instrumentation, infotainment solutions, vehicle electronics, tires <strong>and</strong> technical elastomers, Continental contributes to<br />
enhanced driving safety <strong>and</strong> global climate protection. Continental is also a competent partner in networked automobile communication. Continental currently employs<br />
approximately 143,000 in 46 countries.<br />
The ContiTech division holds a global market leadership position <strong>for</strong> many non-tire rubber products <strong>and</strong> is a specialist in plastics technology in the non-tire rubber<br />
sector. The division develops <strong>and</strong> produces functional parts, components <strong>and</strong> systems <strong>for</strong> the automotive industry <strong>and</strong> other important industries. The division has<br />
around 25,000 employees. In 2009, it achieved sales of approximately €2.4 billion.<br />
www.advanced-mining.com<br />
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