Comprehensive foreign reports, the German Continental Group has announced that it will invest 10 million euros in Hannover, Germany to build a tire factory and a rubber recycling plant. After the completion of the tire-changing plant, it will be put into operation in 2013. It is estimated that the factory will produce 180,000 retreaded tires each year, and the tread swarf left over from the refurbishment process will be fully utilized by the newly-built recycling factory. Andreas Esser, head of Continental's commercial vehicle tires business unit, said that Continental is now able to treat the tire's tread banding and used tires and use it in the production of new and retreaded tires. The Continental Group stated that 41% of the life-cycle tyres in the European Union were transported to a cement plant for incineration and 35% were used to produce molded Rubber Products. Utilizing a new generation of recycling technology developed by the Continental Group, the rubber recovery rate of used tires can be more than doubled.
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Continental plans to invest 10 million euros in Germany to establish a reborn plant