- New production facilities for radial off-the-road (OTR) tires is part of Continental’s growth strategy Vision 2025
- Both earthmoving and port radial tires larger than 24 inches will roll-off the new assembly line
- More than 100 additional jobs created
Hanover/Lousado — Continental, the technology company and manufacturer of premium tires, is expanding their production facilities in Lousado, Portugal, with investments totaling around €100 million. The new capacity will be used for the production of radial Earthmoving and Port tires with a diameter larger than 24 inches. In the course of the ramp-up, more than 100 new jobs will be created.
“Thanks to the investments and additional capacity created, we are continuing to pursue the growth strategy of the tire division. Both the port and earthmoving segments are among the key growth areas in the commercial specialty tire market”, said Christian Kötz, member of the Executive Board at Continental and head of the Tire division.
The new production hall is created adjacent to the radial agricultural tire production facility opened in 2017. Equipped with state-of-the-art tire building machinery and automated devices, it is designed to deliver cutting-edge radial tires while following the highest of ergonomic standards. Once at full speed, the production lines will deliver three earthmoving tire lines and another three port tire lines. Besides the new production facilities, the research and development center in Lousado is being expanded and will be used for continuous performance and quality tests of all agricultural, port and earthmoving tires.
Over the past years, Continental has invested around 150 million Euro into increasing the production of passenger car tires, expanding high-performance tire production and ramping-up the production of agricultural tires in Lousado. Investments like these are in response to Continental Tire’s long-term Vision 2025 strategy.