Asia Headquarters office to move to the new location in 2009
SHANGHAI, China, July 10 /PRNewswire/ -- The Automotive Systems
Division of the international automotive supplier Continental AG has
announced plans to build a dedicated Engineering Center in Shanghai, China.
As outlined during the signing ceremony held in Shanghai today, the new
Engineering Center will be composed of two facilities: one office site with
design and test labs in Yangpu District of Shanghai and the other one with
large-scale equipment for bench testing as an extension of the existing
Continental Automotive Systems Shanghai facility in Jiading. Both
facilities -- representing a total capital investment of euro 48 million --
will be fully operational at the beginning of 2009 and provide employment
for about 450 people with the potential to increase up to 600 by 2011.
The new Engineering Center in Shanghai will be one more milestone of
the growth of Continental in China with the aim to reinforce our position
as a leading automotive supplier and to provide more effective and advanced
technical support to our customers in the Chinese market.
The facility in Yangpu will occupy a floor space of approximately 7,400
square meters and serve as Asia Headquarters office for Continental
Automotive Systems, ContiTech and Continental Tires. At the same time,
testing labs for selected electronics products will be moved to this
facility as well. The 8,400 square meters facility in Jiading will provide
office space and well- equipped labs & testing facilities for Powertrain &
Chassis, Body & Security, Hydraulic Brake Systems and Electronic Brake
Systems.
Dr. Karl-Thomas Neumann, President of Continental Automotive Systems
and Member of the Executive Board, Continental AG, said: "China is playing
an increasingly important role in the future development of the global
automotive industry. The establishment of a dedicated Engineering Center in
Shanghai marks a strategic step towards our goal to be one of the leading
automotive suppliers in China."
"By 2010, we want to double our sales in Asia. Continental Automotive
Systems' growth in China will contribute significantly to the realization
of this goal," said Jay Kunkel, President of the Asia Region and member of
the Management Board at Continental Automotive Systems. "With this
investment, Continental Automotive Systems will continue to capitalize on
the leading role that China represents for the regional growth. "
The Continental Corporation is a leading automotive supplier of brake
systems, chassis components, vehicle electronics, tires and technical
elastomers. In 2006 the corporation realized sales of EUR14.9 billion. It
has a worldwide workforce of around 87,000.
As a worldwide leading technology partner to the automotive industry,
the Automotive Systems Division of Continental AG integrates extensive
know-how and uncompromising quality in the fields of driving safety,
embedded telematics and hands-free communication systems, powertrain and
comfort. In 2006 the Division achieved sales of approx. EUR6 billion with a
workforce of more than 30,000. Continental Automotive Systems develops and
produces electronic and hydraulic brake, stability and chassis control
systems, electronic air suspension systems, sensors, engine management and
transmission control systems, hybrid drives, cooling fan modules, body and
security electronics and also is the industry leader of embedded telematics
and communication systems in vehicles.
Continental Automotive Systems began operations in China in the mid
1990s and opened its Asia headquarters in Shanghai in January 2006. Today
it has four plants and one winter test center in China supplying advanced
Electronic Brake Systems, Hydraulic Brake Systems, Body Electronics and
sensor products to the China automotive market. With the strategic
acquisition of Motorola's automotive electronics business in 2006,
Continental Automotive Systems further enhanced its competitiveness in
China with additional engineering and manufacturing capabilities in
Telematics and Bluetooth communications, Powertrain and Chassis
technologies.
SOURCE Continental
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Related links:
http://www.contiautomotive.com
http://www.conti-online.com http://www.contitevesna.com/
http://www.prnewswire.com/comp/437525.html/
CONTACT:
Sue Frederick, +1-248-790-5273,
sue.frederick@us.contiautomotive.com, or Jim Gill,
+1-248-393-5210, jim.gill@us.contiautomotive.com, both of
Continental Automotive Systems Division
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