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 Economic Development News 
Monday, January 11 2016

Industrial hose facility to add 30,000 square feet, 12-14 workers; Increase capacity by 20 percent

Mount Pleasant, IA -- ContiTech has announced a $7.2 million expansion of its industrial hose plant in Mount Pleasant, Iowa, responding to the increasing demand for industrial hoses in the NAFTA region.

“We have plans to add 30,000 square feet to our plant, and that includes an additional production line which will increase our total floor area and our capacity by 20 percent,” said Rick Anderson, plant manager. “We anticipate that the expansion will enable us to add about 12 to 14 workers.”

Purchased in 1977, the plant currently employs slightly more than 200 workers. Anderson said that construction work will begin in late first quarter of 2016 and be completed by the end of the year. The facility primarily manufactures industrial hose as well as hoses for the transportation industry.

About ContiTech
Continental develops intelligent technologies for transporting people and their goods. As a reliable partner, the international automotive supplier, tire manufacturer, and industrial partner provide sustainable, safe, comfortable, individual, and affordable solutions. In 2014, the corporation generated sales of approximately €34.5 billion with its five divisions, Chassis & Safety, Interior, Powertrain, Tire, and ContiTech. Continental currently employs more than 208,000 people in 53 countries.

The ContiTech division is one of the world's leading suppliers of technical elastomer products and is a specialist in plastics technology. It develops and produces functional parts, components, and systems for machine and plant engineering, mining, the automotive industry, and other important industries. Together with U.S. company Veyance Technologies Inc., which was acquired at the beginning of 2015, ContiTech generated sales of approximately €5.4 billion (pro forma basis) in 2014 and currently employs approximately 43,000 people in 43 countries worldwide.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 02:24 pm   |  Permalink   |  Email

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