Continental invests DM200m

Until Michelin’s arrival in Romania, the only international tyre maker to have productive capacities here was Continental, a German company, middle-sized player on the world tyre market.

The German tyre maker has invested more than DM120 million in the Timisoara-based plant so far, which investment is to increase to DM200 million by the end of the 2002.

Continental came to Romania “to export at low prices to the West.” The production in Timisoara will not focus on to the domestic market. However, all the imports Continental used to make for Romania will now be covered from Timisoara-based plant’s output.