Continental Extends Production Facilities in Lousado
Continental is taking another step on its growth path: With investments totaling around 100 million euro, the technology company and manufacturer of premium tires is expanding their production facilities in Lousado, Portugal.
The new capacity will be used for the production of radial tires with a diameter larger than 24 inches. In the course of the ramp-up, more than 100 new jobs will be created.
«Thanks to the investments and additional capacity created, we are continuing to pursue the growth strategy of the tire division. Both the port and earthmoving segments are among the key growth areas in the commercial specialty tire market. The new production lines clearly reflect our commitment to these segments and the overall OTR business» said Christian Kötz, member of the Executive Board at Continental and head of the Tire division.
To date, the Portuguese plant employs more than 2,000 people.
In addition to agricultural, port and earthmoving tires, Lousado also manufactures passenger car tires with a production coming to around 18 million tires.