ContiTech investing 6.2 million Euros in Brazil

Doubling capacity for belts at Ponta Grossa plant, Brazil.

ContiTech, the world's largest specialist for rubber and plastics technology in the non-tyre rubber sector, will invest 15 million reais (€6.2 million) in the doubling of production capacity for belts at the Ponta Grossa plant, Brazil.

The 2,800-square-metre expansion of the present ContiTech plant is to be effected in two phases, with the first phase due to be completed by September 2012. The increased capacity will provide more space for the manufacture of timing belts for cars and multiple V-ribbed belts used to drive hydraulic power steering and air conditioning units, water pumps and generators. The investment is expected to increase timing belt production by 50% and V-ribbed production by 15%.