Continental sees CAS Asia sales up 10 pct in '06

Newswire

SHANGHAI, Jan 23 (Reuters) - German car tyre and components company Continental AG aims to increase Asian sales at its automotive systems unit CAS by at least 10 percent a year from 2006, a senior executive said on Monday. As part of its plans to supply the Chinese market, the company will invest around $300 million over the next 18 months in building a tyre factory in China. "We see very significant growth. For us the potential is definitely to grow in the two-digit percentage region," ...

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