Continental AG’s ContiTech division is close the 100-year-old former Goodyear plant in Bowmanville, near Durham, North Carolina, USA in mid-2016. Workers were told the news on 13 November 2015. The Bowmanville plant makes conveyor belts for mining, coal and tar sands operations and has reportedly been hit by slowing demand from the global mining industry.
The Carlstar Group has agreed to sell its Carlstar Belts Business to Timken Company. The transaction is expected to close in the third quarter of 2015 following customary government and regulatory approvals.