PresseBox
Pressemitteilung BoxID: 516519 (ContiTech Antriebssysteme GmbH)
  • ContiTech Antriebssysteme GmbH
  • Philipsbornstrasse 1
  • 30165 Hannover
  • http://www.contitech.de
  • Ansprechpartner
  • Antje Lewe
  • +49 (511) 938-1304

ContiTech Buys British Special-purpose Belt Company

Business with steep-incline conveyors strengthened / Production site in the UK retained

(PresseBox) (Hanover, ) ContiTech has strengthened its industrial business in specialized conveyor belts by purchasing Specialised Belting Supplies Ltd, Thetford. This British company has been in the market since 1984 and, with 50 employees, produces primarily steep-angle conveyor belts for the transport of bulk materials including ore, coal or gravel.

"The purchase of this profitable and established company is strategically important and opens additional opportunities for us in the growing worldwide market of steep inclined and vertical conveying," said Hans-Jürgen Duensing, business unit manager of the ContiTech Conveyor Belt Group, based in Northeim, Germany. "We are not just taking over the business operations, but the production as well and want to further expand it. We also have for the future the new production technology to produce particularly temperature resistant corrugated sidewall belts."

Both sides have agreed not to disclose the purchase price. In the future, the current company director Peter Lord will remain in the company as brand manager and so ensure the continuity in customer relations.

ContiTech Antriebssysteme GmbH

With sales of €30.5 billion in 2011, Continental is among the leading automotive suppliers worldwide. As a supplier of brake systems, systems and components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics, tires and technical elastomers, Continental contributes to enhanced driving safety and global climate protection. Continental is also an expert partner in networked automobile communication. Continental currently has approximately 167,000 employees in 46 countries.

The ContiTech division holds a global market leadership position for non-tire rubber technical elastomer products and is a specialist in plastics technology in the non-tire rubber sector. It develops and produces functional parts, components and systems for the automotive industry and other important industries. With a total of approximately 27,250 employees on its payroll, ContiTech reported sales of about €3.6 billion in 2011.