Member access

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

CONTINENTAL AG (CON)

110
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Continental AG : Invests $129 Million in Illinois Tire Plant

01/28/2013 | 01:37pm US/Eastern
Recommend:
0

("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

Recommend :
0
React to this article
Latest news on CONTINENTAL AG
1d ago CONTINENTAL : Tire Pressure Monitoring System (TPMS) Market to Reach $5.6 Billio..
2d ago CONTINENTAL : Auto clubs ACE and ARBÖ and inspectorate GTÜ rate Continental wint..
2d ago CML Microsystems Appoints Neil Pritchard As Financial Director
2d ago CONTINENTAL : develops more energy efficient tyres
4d ago CONTINENTAL : Automotive Anti-Lock Braking System (ABS) Market to Hit $34 Billio..
4d ago CONTINENTAL : VDO REDI-Sensor successfully launched on the market
4d ago CONTINENTAL : New addition to the VDO portfolio: Start-stop batteries
4d ago CONTINENTAL : VDO TPMS PRO: A device for all aspects of TPMS service
4d ago CONTINENTAL : Effective networking: VDO presents innovative tablet solution for ..
4d ago CONTINENTAL : Traditional ATE brand setting tomorrow's standards today
Advertisement
Chart
Duration : Period :
Continental AG Technical Analysis Chart | CON | DE0005439004 | 4-Traders
Income Statement Evolution
Continental AG : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF