Continental opens new RD center in Singapore image

Continental AG, the German auto and truck parts manufacturing company has opened a new Research & Development Centers in Singapore.

The German giant said the company has invested about $36 million (21 million Euros).

Located along Boon Keng Road, the new center is a seven-storey office building with a total floor space of approximately 10, 170square meters. It employs 650 people, but Conti says the capacity of the facility can be expanded with the addition of an eighth floor, to accommodate a total of 1,000 employees.

“Our expansion plans in Singapore strongly support Continental’s growth strategy of deeper engagement with its Asian automotive customers. With our leading edge capabilities, know-how and solutions, we are one of the key players in making vehicles more intelligent, environmental friendly and safer in the future.” Helmut Matschi, Member of the Executive Board of Continental AG said.

Even with the actual situation in Europe, Continental AG expects sales and operating profit to grow in 2013.

Continental expects 2013 sales growth in the high single digit percentage range, adding that adjusted operating profit should increase at least to the same extent as sales.

The company reported strong 2011 sales of EUR30.5 billion, and a net profit of EUR1.24 billion due to firm demand for tires and car electronics.

  • Hackenson

    Wow~ I live in Singapore but yet I have no idea Continental actually has a R&D center here! I just knew the parent company Schaeffler has office here, it must have been Schaeffler's successful business here in Singapore or in the SEA region for the passed year that suggests Continental's arrival. A regional R&D center can allow more custom products that fit with the needs of the local market and a better use of nearby suppling material resources, Singapore is definitely a good place for such requirement geologically. Local tire market should face a change soon, and for myself I think I'm gonna try to apply design jobs at Conti. Hooorray!