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

  • Future earthmoving innovation from Volvo CE
    February 7, 2017
    Volvo CE is working on radical new concepts for earthmoving and extraction applications - Guy Woodford reports Volvo CE recently showcased a range of futuristic concepts and innovations from electromobility to intelligent machines and total site solutions at the company’s Xploration Forum in Eskilstuna, Sweden. Hundreds of Volvo Construction Equipment (Volvo CE) customers, members of the international press, government representatives and academics were given an exclusive look at a host of ground-breakin
    Read More
  • New JCB World Logistics plant opens
    February 12, 2014
    JCB Chief Executive Graeme Macdonald has officially opened the company’s newest facility in Staffordshire, which has created almost 100 new jobs in just six months. JCB World Logistics took over the former 35,581m² Blue Planet warehouse in Newcastle-under-Lyme in July 2013 and since then almost 80 new warehouse and office staff and 20 drivers have been recruited. In the next two years employment levels are expected to triple to more than 300 as the facility becomes fully operational.
    Read More
  • Road transport must evolve in line with users’ needs
    April 12, 2012
    At its annual plenary meeting held on 25 May 2010, during the 16th IRF World Meeting in Lisbon, the European Road Federation (ERF) elected a new President in the person of Jacobo Díaz Pineda. Mr. Díaz Pineda has been the Director General of the Spanish Road Association (AEC) since September 2006, and is also President of the Ibero-American Road Institute (IVIA). We took advantage of his presence in Lisbon to ask him a few questions about his new responsibilities:
    Read More
  • STRABAG reports satisfactory financial performance
    February 22, 2016
    Construction firm STRABAG says that its performance in the 2015 financial year was ‘satisfactory’ and that its outlook for 2016 is positive. “We closed an overall satisfactory year in 2015 with a higher output volume on nearly unchanged employee levels and a lower order backlog. In 2016 we want to maintain the output volume at its high level and raise our EBIT margin to 3%. Thanks to our improved risk management and cost reductions, we are confident that we will reach this goal after having also succeeded i
    Read More

Highlighted Content