Continental ContiTech is a $2.1 B global manufacturer and marketer of engineered rubber products. Its diverse product offering includes conveyor belts; air, water, steam, hydraulic, petroleum, fuel, chemical and
materials handling hoses; rubber tracks for agricultural and construction equipment; military tank tracks; power transmission belts; anti-vibration products such as air springs; and services for certain products. Continental ContiTech manufactures products in over 30 plants in the US, Canada, Mexico, Australia, Brazil, Chile, China, Czech Republic, Slovenia, South Africa and Venezuela. The Company sells its products largely through wholesale distributors to a wide variety of market segments, with industrial and military applications accounting for the majority of its revenues and profits.
The Company continues to experience significant growth with primary focus on industrial and military markets.
To strengthen its market leadership position, grow its business and strategically differentiate its offerings, Continental ContiTech has consummated several acquisitions over the past several years. In late 2007, a majority stake in China’s largest conveyor belt manufacturer, renamed Shandong Aneng Conveyor Belt & Rubber Co., was acquired. This provides Continental ContiTech a strong platform for growth in the world’s largest and fastest-growing conveyor belt market as well as a low-cost export source.