Conti spending $240 million on bicycle tire plant in China

May 10, 2012

SHANGHAI (May 10, 2012) - Continental A.G. is investing $240 million in China for a bicycle tire plant located on the grounds of its Hefei car and light truck tire factory.

Conti broke ground on the 64,560-sq.-ft. plant in December and expects production to start before year-end with an initial annual capacity of 1.7 million tires.

Annual capacity should ramp up to 4 million quickly and to 16 million eventually, Conti said.