CONTI STARTS CONSTRUCTION OF THAILAND PLANT
Continental has installed its first machine at the new tyre manufacturing plant in Rayong, Thailand. Around 180 guests, representatives of the Ministry of Industries, Duangjai Asawachintachit, Secretary General of the Thai Board of Investment, as well as Continental management, the local project team, suppliers, dealers and representatives of academic institutions gathered on site to attend the ceremony. The civil works as well as the machine installation process are according to schedule and will be followed by the official start of production in 2019, said the company.
“The investment into the Greenfield tyre plant in Thailand is an integral part of our growth strategy called Vision 2025. The combination of innovative German engineering combined with local Thai production capabilities ensures the highest quality tyre manufacturing that Thai and Asian consumers are looking for, thus fulfilling our philosophy of ‘In The Market, For The Market’”, said Nikolai Setzer, Member of the Executive Board of Continental and Head of Tyre Division.
“The Greenfield tyre plant in Rayong is the seventh Greenfield that is ramped up since 1998, and expands the current global manufacturing network of Continental’s Tire Division of 19 tyre plants in 16 countries to 20 plants in 17 countries in 2019. Continental plans to be a leading employer in the Rayong region, too. To achieve this status, we will be spending about three million Euros (117 Million Thai Baht) in training our employees from Rayong. They will be trained at various Continental tire factories in Europe and Asia to ensure an excellent knowledge exchange. And furthermore, we are working on partnering with educational institutions in the region to identify and develop our future talents”, said Bernhard Trilken, Senior Vice President Manufacturing PLT and Tire Logistics.
For the targeted annual capacity of four million tyres in the first phase, Continental invests 250 million euros and establishes a workforce of around 900 employees until 2022. The site allows for a potential capacity expansion of up to 25 million tyres per year.
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