ContiTech boosts range

ContiTech's Transportbandsysteme division is expanding by buying the Moers facility from Metso Minerals. This factory makes the Flexowell and Pocketlift conveyor belts, which used in the extraction industries to transport loose bulk material up steep inclines.
February 8, 2012 Read time: 1 min
1527 ContiTech's Transportbandsysteme division is expanding by buying the Moers facility from 6934 Metso. This factory makes the Flexowell and Pocketlift conveyor belts, which used in the extraction industries to transport loose bulk material up steep inclines. The acquisition is a logical one and the ContiTech Conveyor Belt Group is making a strategic move.

Flexowell and Pocketlift conveyor belts will in future be offered by ContiTech and the deal is due for completion on May 1st 2010, although the size of the purchase has not been disclosed. "By doing this we are globally opening up additional markets for ContiTech and are developing our capacities for special conveyor belts", Hans-Jürgen Duensing said, head of the ContiTech Conveyor Belt Group business unit. "The purchase represents the acquisition of additional know-how and numerous special belt patents for ContiTech. This consolidates our market position."
Materials

For more information on companies in this article

Related Content

  • HD Hyundai Construction Equipment and HD Hyundai Infracore merger
    July 4, 2025
    HD Hyundai Construction Equipment and HD Hyundai Infracore are merging.
    Read More
  • Fayat finalises Dynapac deal and closes acquisition
    October 5, 2017
    Fayat has now completed its acquisition of Dynapac. French firm Fayat has acquired the Road Construction Equipment Division of Atlas Copco, which manufactures rollers for asphalt and soil applications, pavers and planers. These products are known under the Dynapac trade name. The agreement includes sales and services operations in 37 countries, production units in four countries: Sweden, Germany, Brazil and China and a production partnership in India.
    Read More
  • Chinese construction equipment manufacturers increasing export focus
    December 2, 2013
    Chinese firms are growing their expertise in terms of products and international sales – Mike Woof reports China’s major off-highway construction equipment manufacturers have grown in a relatively short period and now number amongst the largest players in the sector. Some of the key firms are looking to boost exports and are providing tough competition, particularly in the emergent markets. Best known for its wheeled loaders, LiuGong has been developing its excavator range, with production of the E
    Read More
  • Deere & Company planning to buy Wirtgen
    June 1, 2017
    A major acquisition looks likely for the construction machinery sector, with the German Wirtgen Group becoming part of Deere & Company. An agreement has been signed that will see Deere acquiring the Wirtgen Group.
    Read More

Highlighted Content