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Continental is to invest $90 million in a new hydraulic hose production plant. The site is located in Aguascalientes, Mexico, about 350 miles north of Mexico City.
Construction of the new plant is set to start in the second half of 2024, with production set to start in late 2025. The 85,000 square metre factory will be the largest ContiTech location in Mexico.
The industrial hydraulic hose plant will complement Continental’s existing manufacturing capabilities in the region.
“Strengthening our industry business in the Americas region is a focus for us,” explained Philip Nelles, member of Continental’s Executive Board for the Group Sector ContiTech.
“This investment is our answer to the demand and growth of the hydraulic hose market in the region and underlines our strategic approach to become the innovation leader and full range supplier for hydraulic hoses. The new plant will allow us to further expand our hydraulics business with an extended portfolio of hoses for diverse key industries like agriculture, mining, construction, manufacturing, and energy.”
When in full production, the new site will create about 200 jobs. The hydraulic hose plant is Continental’s 22nd plant in Mexico.
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