Continental AG, headquartered in Hannover, Germany, is one of the biggest tire manufacturers and automotive supplier worldwide. Its division ContiTech AG is the world`s largest specialist for rubber and plastics technology in the non-tire rubber sector. The company develops and produces functional parts, components and systems for the automotive and other important industries. Business in Serbia ContiTech Fluid started the production of hose and piping lines in Subotica in November 2012.
|Investments In €||ca. 15.5 million|
|Annual turnover In €||ca. 7.6 million in 2013|
|Exports In €||100%|
|Number of employees in Serbia||583 in 2014|
For what reason have you invested in Serbia and what are your experiences so far?
Our decision was effected by the following criteria:
Serbia achieved good results in our analysis. ContiTech`s Greenfield project was very complex. Nevertheless, problems were said right out in the open and were constructively solved by the project team. The results were more than satisfying: from the start of construction works until the start of the series production- less than 10 months. What would you recommend other German companies which are considering to establish a production site in Serbia? Projects of this enormity require clear structures, responsibilities, consequent communication and project tracking. The focus for the realiztion of such projects in Southeast Europe should be set on the mentioned tasks.
Mr. Zivko Topalovic, CEO