ContiTech Press Releases

Nyíregyháza, September 23, 2011.Talks under way with authorities • Decision to be reached this year • Approximately 30 new jobs

ContiTech is investigating the construction of a rubber compounding facility in Nyíregyháza, Hungary. The company already operates a plant there under the name of Phoenix Légrugó Technológia Ltd. which has 230 employees and makes air spring systems. "We are currently in talks with the authorities. I'm expecting a decision to be made by the end of the year", said Hannes Friederichsen, general manager of ContiTech Air Spring Systems and member of the supervisory board of Phoenix Légrugó Technológia Ltd., during a meeting with Dr. Ferenc Kovács, the mayor of Nyíregyháza. Construction on the new facility could start at the beginning of next year, and would then be completed at the end of 2012.

ContiTech, based in Hanover, Germany, would be investing about €5 million in the compounding facility. The latter would then serve the air spring plants in Nyíregyháza, the hose production plant in Carei, Romania, as well as external customers in the region. Some of the compounds are currently being produced in Germany. The new facility would help ContiTech build up additional capacity which is urgently needed. According to current plans, about 30 new jobs would be created under the first stage of expansion.

ContiTech has a total of about 3,000 employees in Hungary working at its sites in Szeged, Makó and Vác. Its parent company, Continental, operates plants in Budapest and Veszprém, as well as a sales office in Budaörs, with altogether 3,100 employees.