Continental plans to invest in steel cord conveyor belt production in BrazilVisits : 4003

Continental plans to invest in steel cord conveyor belt production in Brazil

Continental plans to significantly expand its capacities in Brazil with an investment of €25 million (more than 160 million Brazilian Real). "At the moment, we are negotiating a tax incentive package with some states in Brazil to confirm the final location in February", says Hannes Friederichsen, heading the global conveying solutions activities at Continental. "The additional capacity will ensure that we can better meet the growing need for high strength belts – with a strength higher than 6000 N/mm and up to 10 000 N/mm – used in mining operations throughout the South American market."

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