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

  • Hyundai opens new facility in Brazil
    May 7, 2013
    Hyundai Heavy Industries has completed its first construction equipment factory in Brazil. The 562,000 m2 factory represents an investment of US$175 million and will have a production capacity of 3,000 units/year initially. It will produce excavators, wheel loaders, and backhoe loaders, and the firm also has plans to increase capacity to 4,000 units/year by 2014. This new Brazilian plant will serve as the South and Central America base helping Hyundai Heavy secure market share, and provide better service to
    Read More
  • Construction machinery theft increased
    April 8, 2020
    Construction machinery theft has increased during the Corona Virus lockdown.
    Read More
  • Jobs promise as Berco expands in UK
    July 31, 2012
    Berco UK has officially marked its relocation to a new larger factory and office in Spennymoor, County Durham, north-east England, and announced plans to double its workforce during the next few years. Helen Goodman, Member of Parliament for Bishop Auckland, officially opened Berco's new site, heralding the arrival of the company as a welcome boost to the town's economy with the promise of new jobs. Berco, whose headquarters is in Italy, is a leader in the manufacture of undercarriage components and systems
    Read More
  • Road pricing revenue a source of investment funds
    February 16, 2012
    When channelled back into the road sector, revenue from road charging is seen by many as a source of additional investment and research funds as Patrick Smith reports. Late in 2010, three major European organisations put out a policy statement calling for fair charging for greener, smarter and safer road infrastructure. ASECAP (the European toll road operators organisation); ERF (European Road Federation) and the IRU (International Road Transport Union), said that in recent years the concept of road chargin
    Read More

Highlighted Content