The ContiTech Conveyor Belt Group, Northeim, Germany, is acquiring the conveyor
belt operations of Tianjin Xinbinhai Conveyor Belt Co., Ltd., Tianjin. The relevant agreements
were signed in China on 18 October.
With a workforce of around 200, the company produces mainly conveyor belts for
metal and cement processing and other sectors of industry at its plant in Tianjin, a
port city situated 120km south east of Beijing.
“This move gives us a new market in an up and coming region and strengthens
ContiTech’s position in China,” says Hans-Jürgen Duensing, general manager of the
ContiTech Conveyor Belt Group. “We already manufacture conveyor belts for industrial
applications at a number of locations worldwide. Now we can supply the Chinese
market with products made right in the country.” Both sides have agreed not to
disclose the purchase price.
ContiTech has been active in China already for 30 years. It currently produces hose line systems, vibration components, air
springs, surface materials, conveyor belts, drive belts and coated fabrics locally at nine modern production plants and is thus
able to very successfully serve the needs of automakers, machine and plant engineering and construction, mining, the printing industry, and rail transportation. ContiTech currently has 1,800 employees in China.