Continental AG’s decision to commit $1.4 billion for a truck/bus tire plant in Mississippi reflects the company’s belief that demand for its commercial tire products in North America will continue to grow at above market pace.
Continental claims its commercial sector business growth in North America “has consistently exceeded the market over the last five years and the company continues to see customer demand for its products — both new truck and bus tires as well as retreads” growing beyond existing capacity, Nikolai Setzer, Continental’s executive board member for the tire business, said.
