- Continental is pursuing its growth strategy in Russia with a new Powertrain plant in Kaluga
- From 2014, the new plant will increase Continental's capacity to produce engine control units, fuel supply and injection system components
- Around 100 new jobs will be created by 2016
Continental is pursuing consequently its growth strategy in Russia. The Powertrain Division is investing around €20 million in its plant in Kaluga. The foundation stone for the new plant was laid today in the presence of the governor of Kaluga region. This investment will significantly expand Continental's capacity to produce engine control and fuel supply units. "The Russian vehicle market is one of the fastest-growing markets in the world. This is why Continental is also set on expanding its operations here and intends to position itself as the world's leading supplier of electronics," said José Avila, head of the Powertrain Division and member of the Continental AG Executive Board.
Christian Kögl, Head of Automotive and Powertrain Continental Russia, José Avila, Member of the Executive Board of Continental and President of the Powertain Division, Wolfgang Breuer, Head of the Business Unit Engine Systems and Georgy Rotov, General Manager of Tire Plant (f. l.) at the Groundbreaking Ceremony in Kaluga, Russia.
Source: Continental Corporation