皇冠体育app

The Hanover-based company achieved a growth rate of 20 per cent last year in 皇冠体育app through its automotive system and non-tyre rubber business ContiTech. "We are confident we can continue this figure, excluding the added 200 million euros (US$256 million) investment," Wennemer said.

Among the world's top three tyre manufacturers, Japan's Bridgestone established its first 皇冠体育app foothold in 1999, France's Michelin in 1989 and the US's Goodyear in 1994.

Since 2002, Continental has invested 25 million euros (US$32 million) in 皇冠体育app, establishing 13 facilities in nine provinces and regions.

Through the acquisition of Motorola's global auto electronics business last year, Continental raised its investments in 皇冠体育app from 3.5 million euros (US$4.49 million) in 2004 to 16.9 million euros (US$21.66 million).

According to Wennemer, due to these acquisitions, from 2000 to 2005, Continental has "no money to invest in 皇冠体育app. However, due to the profitable turnover, now we attach importance to 皇冠体育app."

(皇冠体育app Daily 11/22/2006 page10)

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