ContiTech invests USD $25M in Hungarian operations

ContiTech, part of German technology company Continental, is building on its commitment to Hungary. Over the past year, the industrial rubber and plastics specialists have invested nearly USD $25 million in its location at Nyíregyháza alone. The plant has built a second rubber mixing line, a new semi-finished production facility (using calender technology) for air bellows and a production line for hoses destined for heating and cooling applications in cars. It has also constructed a warehouse for its Compounding Centre and the construction of a logistics center is also in progress, which will be used for air springs and hoselines. The new facilities were officially commissioned this week in the presence of the deputy Minister of Foreign Affairs and Trade, Magyar Levente, the deputy mayor of Nyíregyháza, Menyhért Jászai, and ContiTech representatives from Germany.

The new mixing line, which was built to satisfy an ever-increasing demand for the company’s products, is currently starting its test mode. Hose production has already started, with capacity expected to double by the end of this year. The shared 4,500-square-meter warehouse – which will store both hoses and air bellows – is also on course for completion by spring.

Image courtesy of ContiTech. 

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