Press Release

advertisement

- 1 -

Press Release

Press Release

Two Investments Accelerate Continental’s Growth in

China

 Two that shape China’s automotive future: Opening of Jiading plant expansion and agreement on a new plant in Wuhu

The two investments provide advanced solutions for safer, more comfortable and intelligent vehicles

Shanghai/China, August 30, 2012. Continental, one of the leading international automotive suppliers, is continuously expanding its activities in China. The Germany based Corporation announced today two important milestones that will accelerate its growth in China: the opening of additional 10,000 square meters of floor space in the Jiading Industrial Zone at an investment of 120 million RMB (13.3 million Euro), and a second plant in Wuhu with an initial investment of 33 million Euro (297 million RMB) for land and building.

As part of the long-term plan in the Chinese market, Continental opened the Jiading plant in

2010, manufacturing products for Continental’s three automotive divisions – Chassis &

Safety, Powertrain, and Interior. In collaboration with its partner, Jiading Industrial Zone,

Continental has invested RMB 120 million for phase II. In the new facility, where products from Interior division will be produced, the annual production capacity will ramp up to 3.5 million door control units (DCU) and power window lifter electronics, 4.5 million printed circuit board assemblies (PCBA) for instrument clusters, faceplates and climate control units. This second phase, which now starts operation, has the aim of improving operational efficiency and maximizing productivity of the entire Jiading plant in order to support the increasing demand from the local and global market. The current facility will extend its production capacity and capabilities relative to Chassis & Safety products in order to prepare itself for becoming the largest producing plant in terms of volume for Chassis & Safety Electronic

Brake Systems (MK100 generation of ABS and ESC) worldwide.

Dr. Ralf Cramer, President of Chassis & Safety Division of Continental and Member of the Executive Board said : “We are devoted to making ‘Safety for Everyone’ a reality by

.../2

Contact:

Jackie Lou, +86 21 6080 3000*3136

- 2 - constantly developing and applying innovative components and advanced system solutions for driving safety. The opening of the new cutting-edge facility in our Jiading plant will also further enhance Chassis & Safety division´s production capacity there and better support us in terms of providing local and global vehicle manufacturers with cost-effective, advanced and tailored technology sol utions in order to achieve our division’s worldwide sales target of 33 percent in

Asia by 2015.”

Mr. Harald Lichtinger, General Manager of Continental Automotive Systems (Shanghai)

CO., Ltd., added , “Coupled with our global expertise and world-class manufacturing management experience and practices, and thanks to the support of the Jiading Government and Jiading Industrial Zone, the expansion of our Jiading plant enhances our capabilities to better serve our local and global customers with the highest quality products and customized solutions.”

New Plant in Wuhu To Deliver Solutions For Intelligent Vehicles

The second announcement of Continental today refers to the “Cooperation Relationship

Agreement“ signed between People’s Government of Wuhu Municipality and Continental.

With an initial investment of 33 million Euro (297 million RMB) for land and building,

Continental will establish a wholly owned enterprise in Wuhu Economics and Technology

Development Area. The new plant is estimated to cover a land area of 120,000 square meters. As one of the five divisions of Continental, Interior division is one of the market and technology leaders in information management for vehicles. The products developed and manufactured by Interior division make the networked vehicle of the future more userfriendly, more comfortable, and more intelligent. The new Interior plant focuses on the business of instrumentation and driver HMI (Human-Machine Interface).

Mr. Helmut Matschi, President of Interior Division of Continental and Member of the

Executive Board stated :” With advanced technology, superb quality and localized R&D solutions, we offer integrated solutions to simplify and optimize the management of interior information to make future driving more comfortable and enjoyable, as well as to meet the increasing interest and demand for intelligent vehicles in China, in Asia and globally. The

.../3

Contact:

Jackie Lou, +86 21 6080 3000*3136

- 3 -

Jiading plant II and the new Wuhu plant will play an important role in contributing to the development of the Interior business in Ch ina.”

Established in China since 1994, Continental is one of the leading automotive suppliers with

18 manufacturing locations, 8 R&D centers and approximately 16,000 employees in this growing market. Recently, the company has accelerated its presence in different regions of

China, including the construction of its Changchun Plant II in October 2011, the opening of the R&D center in Nanjing for Instrumentation and Driver HMI business unit in November

2011, the expansion of Wuhu plant in December 2011, and the opening of the Heihe Winter

Test Center in February 2012. The overall investment not only marks Continental’s confidence in the development prospects in China, but it also underlines its strong commitment to the Chinese market.

With sales of €30.5 billion in 2011, Continental is among the leading automotive suppliers worldwide.

As a supplier of brake systems, systems and components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics, tires and technical elastomers, Continental contributes to enhanced driving safety and global climate protection. Continental is also an expert partner in networked automobile communication. Continental currently has approximately 169,000 employees in 46 countries.

The Automotive Group with its three divisions Chassis & Safety (sales of approximately €6.5 billion in 2011, 33,000 employees), Powertrain (sales of approximately €5.8 billion in 2011, 31,000 employees) and Interior (sales of approximately €6.1 billion in 2011, 32,000 employees) achieved sales of approximately €18.5 billion in 2011. The Automotive Group is present in more than 170 locations worldwide. As a partner of the automotive and commercial vehicle industry, it develops and produces innovative products and systems for a modern automotive future, in which cars provide individual mobility and driving pleasure consistent with driving safety, environmental responsibility and cost-efficiency.

The Chassis & Safety Division develops and produces electronic and hydraulic brake and chassis control systems, sensors, driver assistance systems, 9 airbag electronics and sensorics, washer systems and electronic air suspension systems. Its core competence is the integration of active and passive driving safety into ContiGuard ® . The Powertrain Division integrates innovative and efficient system solutions for vehicle powertrains. The comprehensive range of products includes gasoline and diesel injection systems, engine management, transmission control, including sensors and actuators, as well as fuel-supply systems and components and systems for hybrid and electric drives. Information management is at the very heart of the Interior Division, which provides a range of products that includes instrument clusters and multifunctional displays, control units, electronic car-entry systems,

Contact:

Jackie Lou, +86 21 6080 3000*3136

.../4

- 4 - tire-monitoring systems, radios, multimedia and navigation systems, climate control systems, telematics solutions and cockpit modules and systems.

Contact for journalists:

Jackie Lou

Communications Officer

Susanne Einzinger

Vice President Communications Asia

Continental Automotive Holding Co., Ltd Continental Automotive Holding Co., Ltd

538 Dalian Road

Yangpu District

538 Dalian Road

Yangpu District

200082 Shanghai

Phone: + 86 21 6080 3136

Fax: + 86 21 6080 3264

E-mail: li.jia.lou@continental- corporation.com www.continental-corporation.cn

200082 Shanghai

Phone: +86 21 6080 4551

Fax: +86 21 6080 3264

E-mail: Susanne.Einzinger@continental- corporation.com www.continental-press.cn

Contact:

Jackie Lou, +86 21 6080 3000*3136

Download