On June 1,
2011, the Northeim, Germany-based ContiTech Conveyor Belt Group takes
over the conveyor belt operations of Tianjin Xinbinhai Conveyor Belt
Co., Ltd., Tianjin. On May 28, 2011 Claus Peter Spille, head of the
mining world segment, and Dr. Hongbin Dong, the future general manager
of Tianjin Xinbinhai Conveyor Belt, signed the contracts closing the
deal with the local sellers. Both sides have agreed not to disclose the
purchase price.
"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. We are set to
further expand the plant.”
Situated in the port city of Tianjin, 120
kilometers southeast of Beijing, the plant produces mainly conveyor
belts for metal and cement processing and mining, as well as for power
plants, port operations and the automotive industry. It has a workforce
of around 150.
ContiTech has been active in China
already for 30 years. ContiTech currently produces hose line systems,
vibration components, air springs, surface materials, conveyor belts,
drive belts, coated fabrics and other components and systems locally at
nine modern production plants. It 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 presently has 2.100 employees in China.