Continental expands capacity of Thailand plant
Continental is boosting the production capacity of its tyre plant in Rayong, Thailand, by an additional three million units per year.
The gradual expansion plan of the operations is said by Continental to stand for a planned total investment of more than €300 million (13 billion Thai Baht).
The Board of Investment of Thailand is supporting the project under its Investment Stimulation Measure for Economic Recovery Scheme, thus supporting Continental’s ongoing growth in Thailand and the APAC region.
This expansion is expected to create around 600 additional jobs in the upcoming years. With more than 900 employees already working in its Rayong tyre plant, the company says it is reinforcing its commitment to the Thai market and the Asia-Pacific region.
“Our latest capacity expansion in Rayong reflects our strong growth in the Asia-Pacific region, one of Continental Tires’ strategic growth markets. With our increased production capacity, we will meet the demands of our customers even better, locally in Thailand, and regionally in the Asia-Pacific markets,” said Dalibor Kalina, head of Continental’s Business Area Replacement Tires in the Asia-Pacific region.