Continental to invest 74 mln euros in Czech plant

Newswire

PRAGUE, Sept 25 (Reuters) - German tyre and car-parts maker Continental AG plans to expand its Czech-based activities by opening a new 74-million euro plant for special high-speed tyres, a Czech state agency said on Thursday. CzechInvest, the state agency for support of foreign direct investments, said in a statement that the German company expects to produce three million tyres per year in the eastern Moravian town of Otrokovice. The bulk of production will be purchased by automakers ...

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