ContiTech, a subsidiary company of the Continental Group, maintained its track record of success: In 2013, ContiTech, a high-tech company headquartered in Hanover, Germany, achieved sales of 3.9 billion euros (previous year: 3.7 billion euros), an increase of approximately 5%. “Our strategy is based on sustainable and profitable growth. Our goal is not to be the largest, but to be the best supplier for a wide range of applicationsâ€, ContiTech Leader and Executive Director of ContiTech Inc. President Heinz-Gerhard Wente said at a press conference held during the Hannover Industry Fair in 2014 that “Our decision last year was fully in line with this strategic direction.†Recently, ContiTech has reached an agreement to acquire a rubber and plastics company. Veyance Technologies Inc. hopes to significantly expand its industrial business. As the company grew rapidly, the number of ContiTech employees increased accordingly. As of the end of 2013, the company had a total of 29,725 employees, an increase of 1,500 over the previous year. The company's EBIT increased from 453.6 million euros to 462.1 million euros, an increase of about 2%. The sales margin was 11.9% (previous year: 12.2%). The adjusted EBIT rose to 465.3 million euros (previous year: 451.3 million euros). The sales margin based on this figure was 12.4% (previous year: 12.2%). "This means that ContiTech has achieved another great result - it is not inferior to other divisions of the Continental Group," Winter said. ContiTech's European sales accounted for 65% of the company's total sales, ranking first in the region. The Americas region (North America and South America) followed by 18%. ContiTech believes there is still room for growth in sales in the Americas. "The acquisition of Grundfos Technology will expand the market distribution of regions that are not yet fully exploited, especially in North and South America," Winters explained. After the full acquisition of Grundig Technologies, sales in Europe will fall to about 46%, and the Americas will increase to 32%. Asian and European Investment Activities In 2013, ContiTech invested in new factories and branches throughout the world, while investing in R&D and employee training. Total investment in software, real estate, factories and equipment amounted to EUR 166 million (previous year: EUR 151 million). “We are always at its whereabouts regardless of where our customers are,†Winter said. ContiTech strives to accelerate the distribution of Asia. In China, the company acquired Taizhou Fuju Adhesive Tape Manufacturing Co., Ltd., a transmission belt manufacturer, and started production of a new production line for automotive interior skins in Zhangjiagang. In South Korea, ContiTech built a new air spring production plant. In addition, the company has expanded its business capabilities in the European region through acquisitions and new production facilities. In 2014, ContiTech will continue to expand. In addition to the proposed acquisition of Goodrich, ContiTech also acquired Innotec, a blow molding company, in early April. At the same time, the company is building the Hvac plant in Hungary into a plastics competence center. In Brazil, ContiTech is building a factory that will produce hoses for use in oil and gas exploration. "Overall, we remain optimistic about the fiscal year 2014. The good results for the first three months indicate that the company has a good outlook," Winters concluded. "ContiTech's goal this year is to increase sales by 5%. We hope that even The exchange rate will have a negative impact, and this year it will still be able to reach the level of income return in the previous year." Ps Foam Sheet Extrusion Line,Ps Foam Sheet Extrusion Machine,Ps Foam Sheet Extruder,Extruder Machine haiyuanmachinery , https://www.lkhyplastic.com