Global Tyre manufacturer and technology firm, Continental, has announced that the company has plans to expand the production capacity of truck tyres at their Modipuram plant in Uttar Pradesh over the next 18 months.
According to Continental, this expansion will increase export volumes to the Asia Pacific (APAC) region, which will positively impact the company's production cost and profitability.
Continental India's Vice President Kuldeep Singh mentions; “Since we entered into the Indian market in 2011, we have grown substantially after the acquisition of Modi Rubber, introducing a variety of products for passenger cars and commercial vehicles. We introduced the radial range of tyres to the Indian market."
This expansion and increase of the production capacity of truck tyres at Continental's Modipuram Plant will be the fourth biggest expansion at the facility in the last six years, he added.
Continental India's Head of Tyre Business Claude d'Gama Rose said that the company's tyre business in the country is expanding, and it is committed to manufacturing world-class products for consumers.
"We have scaled up our production capabilities to serve domestic and export demand, coming from ASEAN, APAC, and select regions in South America," he noted.
Also See: Continental’s Dandelion Tyre Wins German Sustainability Award
About Continental tyres:
Continental-Caoutchouc- und Gutta-Percha Compagnie is founded in Hanover on October 8 as a joint stock company. Manufacturing at the main factory in Vahrenwalder Street includes soft rubber products, rubberized fabrics and solid tyres for carriages and bicycles.
“Continental's Modipuram plant has developed multifold since its acquisition in the year 2011. It must be mentioned that with Kuldeep Singh on board, we have won an experienced professional with solid management experience in the industry and within Continental, highlights Patrick Haarmann, Head of Manufacturing Commercial Vehicle Truck Tyres.
The company is guided by social trends, such as the rapid growth of the world’s population and the resulting increase in urbanization, demographic changes and – in particular – globalization. Four megatrends can be derived from these global developments. They form the foundation of the comapny's strategy and their business activities:
- Safety – our aim: zero accidents
To protect life and conserve resources - Information – our aim: saving time, increasing comfort
Intelligent mobility through constantly connected driving - Environment – our aim: clean air
Resource-efficient and emission-free driving - Affordable mobility – our aim: individual mobility for all
Enabling more freedom and opportunities
Fun Fact About Continental: In 1904 Continental was the first company in the world to develop grooved tires for automobiles.
