Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Continental AG    CON   DE0005439004

CONTINENTAL AG (CON)

120
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Continental AG : Invests $129 Million in Illinois Tire Plant

01/28/2013 | 01:37pm US/Eastern

("Continental AG Invests EUR129M In Illinois Tire Plant" published at 1448 GMT misstated the total investment value in the headline as well as the total investment value and breakdown of the investment value in the "MAIN FACTS" section, by referring to the values in euros. The values should have been denoted in dollars. The correct version follows.)

German automotive supplier Continental AG (CTTAY, CON.XE) said Monday it plans to invest in the expansion of its tire facility in Mount Vernon, Illinois, to meet increasing demand for its Continental and General brand tires.

MAIN FACTS:

-The investments will total 129 million dollars.

-Of the total investment, $95 million will be used for the expansion of the commercial vehicle tire production area, which will have a total annual production volume of more than 3 million tires.

-Furthermore, $34 million will be invested in technology and equipment for the mixing building of the facility and warehouse expansion.

-The expansion will create approximately 110 new full-time jobs altogether.

Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news on CONTINENTAL AG
3d ago CONTINENTAL : Tire the Americas, LLC, Receipt of Petition for Decision of Incons..
5d ago CONTINENTAL : Presents at the Deutsche Bank ADR Virtual Investor Conference
5d ago CONTINENTAL : VDO ViewLine GPS Speed: one instrument – many possibilities
5d ago CONTINENTAL : VDO Marine: Cutting-edge competence founded on decades of experien..
11/17 CONTINENTAL : Celebrates Opening of its 2nd Plant in Wuhu
11/16 Schaeffler targets stable operating margin
11/13 CONTINENTAL : to Present at the November 19 dbVIC - Deutsche Bank ADR Virtual In..
11/13 CONTINENTAL : Optimized Curve Braking Provides Motorcycles with More Stability
11/12 CONTINENTAL : Extends Research & Development for Surround View in Lewes
11/12 CONTINENTAL : "48-Volt Eco Drive" Technology Significantly Reduces Fuel Consumpt..
Advertisement
Chart
Duration : Period :
Continental AG Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF