EMCC European Monitoring Centre on Change

Continental

Company/Organisation:
Continental

Geographic Location

Country: Lithuania

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Group: Continental

Employment Effects

Announcement Date: 16-04-2005
Type of Restructuring: Business expansion
Planned Job Creation: 1500

Additional Information

Continental, the largest German manufacturer of vehicle tyres intends to build a plant in Lithuania. The final decision about the exact location of the plant will be made in the middle of May 2005. The plant is planned to produce about 10 million tyres for cars per year and employ 1,500 people.