Continental is establishing a new retread plant for truck and bus tyres as well as a facility to recycle rubber from used tyres at its headquarters in Hanover, Germany.

The facility is the first of its kind worldwide and makes use of the synergies between the retreading and recycling production. With an investment of more than €10, million, Continental is strengthening its position in Western Europe and further developing its ContiLifeCycle approach in production.

The new ContiLifeCycle Plant will be established at Hannover-Stöcken, creating more than 100 new jobs.

The company made the annoucement at the IAA Commercial Vehicle Show earlier this week.