Continental invests $12 million in hose facility
Continental announced that it is investing approximately $12 million in its ContiTech PVC hose business in North America.
The company said it is expanding its manufacturing capabilities and production capacities into a new state-of-the-art competence center at its upgraded plant in Mount Pleasant, Iowa, to modernize the industry hose production.
“Continental continuously works to improve its competitiveness regarding all processes along the value chain. Our primary goal is to become one of the leaders in technology and efficiency,” said Andreas Gerstenberger, global head of Continental’s industrial fluid solutions business unit.
“The expansion in Mt. Pleasant allows us to drive synergies and combine technologies in both PVC and rubber hose operations under one roof. It culminates a comprehensive and strategic plan to increase our long-length and PVC hose capacity in North America by more than 20 percent. The leap in production technology gives us the bandwidth, capacity and ongoing support to better serve our customers’ needs,” Gerstenberger added.
The expansion will bring more than 40 jobs to the Mount Pleasant location.
Continental invested approximately $8 million in 2016 to expand its rubber hose operations in Mount Pleasant.
INDUSTRIAL SUPPLY MAGAZINE
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