Continental Denies Romania Investment Plans

Media reports published on January 6 indicate that Continental AG intends to invest up to 220 million euros in Romania to build up capacity in its Timisoara plant over the next two years. Enquiries made by Tyres & Accessories to the German manufacturer’s head office, however, reveal that an inaccurate news report was released through a newspaper in Romania. The company has regularly invested its Timisoara plant since 2004, however Continental media contact Klaus Engelhardt states an investment of this size is not planned.