ContiTech Conveyor Belt Group is expanding its position in the market •
Flexowell and Pocketlift conveyor belts will in future be offered by
ContiTech • A logical addition to the company portfolio
Hanover, April 1, 2010. ContiTech Transportbandsysteme GmbH, Northeim, is
expanding its position in the market and is taking over the Moers plant of
Metso Minerals (Deutschland) GmbH, Bochum. Around 60 employees at the plant,
which is part of the Finnish Metso group, manufacture Flexowell and
Pocketlift conveyor belts, which are primarily used in the mining, chemical
and steel industries to transport loose bulk material up steep inclines.
"By doing this we are globally opening up additional markets for ContiTech
and are developing our capacities for special conveyor belts", Hans-Jürgen
Duensing said, head of the ContiTech Conveyor Belt Group business unit. "The
purchase represents the acquisition of additional know-how and numerous
special belt patents for ContiTech. This consolidates our market position."
ContiTech will continue manufacturing and engineering at the Moers plant.
Both sides have agreed not to disclose the purchase price. The transfer of
business is planned for May 1, 2010.