Continental AG, internally often called Conti, the German manufacturer of tires and other automotive related systems on Tuesday announced that will invest $12.9m in a new Technical and Research Center that will be built in the Salto Industrial Park, Brazil.
The technical center is expected to be completed by the middle of next year and add fifty direct and indirect new jobs.
According to the Hanover based company, the new facility will expand its capabilities for testing emission, homologation and calibration on gasoline and diesel engines.
“We already have support agreements signed with the vehicles manufacturers which will come into force in the second half of 2012″, says Maurício Muramoto, Head of the Continental Group in Brazil.
The new facility will provide all the main technology and resources of the powertrain portfolio, making the German company a complete local option for the full supply of engine management systems.
Continental was founded in 1871 as a rubber manufacturer, Continental-Caoutchouc und Gutta-Percha Compagnie. After acquiring Siemens VDO, it has become one of the top 5 automotive suppliers in the world. It has 148,230 employees worldwide.