Continental: Total Lousado investment to reach €150M
Continental is to realise a substantial increase in production capacity at its tyre plant in Lousado, Portugal. The company’s Tire division intends to invest a total of some €150 million by the end of 2018. The aim is not only to further expand annual passenger car tyre production capacity from its current level of approximately 18 million units, but also to set up a production facility for agricultural tyres in Lousado. At present, production at the site mainly focuses on standard car van and light commercial vehicle tyres.