· ContiTech Shanghai officially became ContiTech China headquarters
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The technology company Continental Group was recognized by the Shanghai Municipal Commission of Commerce, and the ContiTech Shanghai office officially became the headquarters of ContiTech China. The company will become the Chinese holding company of the China company under the ContiTech division of the Continental Group, responsible for the investment and strategic development of ContiTech in China.
The establishment of Continental's ContiTech China headquarters can coordinate resource allocation in 12 factories in China in a more efficient and efficient manner, optimize the structure and improve the effectiveness of corporate strategy implementation. At the same time, in response to the vigorous development of the Chinese market, the headquarters can make local investment decisions to meet market demand. “The recognition of ContiTech China Headquarters is another milestone for ContiTech's development in China. It fully demonstrates ContiTech's confidence in the Chinese market. The company will further take root in China and serve the market, which will unveil our future development in China. A new chapter has been opened," commented Mr. Yan Song, President of ContiTech China and the legal person and general manager of the investment company.