Continental plans to invest $129 million to expand its Mount Vernon, Illinois (USA) tyre facility.<\/p>\n
The driving forces behind this investment are an increased demand for Continental and General brand tyres, the need for better complexity management in the plant and emerging technologies in tyre production.<\/p>\n
The investment is defined in three segments and supports Continental\u2019s comprehensive growth strategy for its tyre operations worldwide.<\/span><\/p>\n \u201cContinental Tire the Americas continues to grow its business in the U.S. and across the Americas,\u201d said Dr. Jochen Etzel, Chief Executive Officer, Continental Tire the Americas. \u201cThis investment will support our efforts to provide an outstanding line-up of passenger, light truck and commercial vehicle tires for our customers.\u201d<\/p>\n The biggest portion in this investment series includes a $95 million expansion of the Commercial Vehicle Tyre (CVT) production area. Upon completion of the CVT expansion, the Mount Vernon facility will have increased production to an annual volume of more than 3 million tyres and add a total of more than 80 new full-time positions.<\/p>\n \u201cThis investment will help us continue to produce some of the most technologically advanced commercial vehicle tyres on the market, and also addresses our growth in the region,\u201d said Paul Williams, Executive Vice President, Truck Tires \u2013 the Americas.<\/p>\n","protected":false},"excerpt":{"rendered":" Continental plans to invest $129 million to expand its Mount Vernon, Illinois (USA) tyre facility.<\/p>\n","protected":false},"author":3,"featured_media":2305,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n