Auto supplier Continental building 'technology center for blow molding'

PLASTICS NEWS REPORT

Published: April 1, 2014 3:26 pm ET
Updated: April 1, 2014 3:29 pm ET

Related to this story

Topics Mergers & Acquisitions, Automotive, Blow Molding, Blow molds, Machinery

One of the world’s biggest auto suppliers is expanding its exposure in blow molding through the acquisition of two German blow molding equipment companies.

Continental AG’s ContiTech unit announced April 1 that it is buying Inotec Innovative Technologie GmbH and Präzisionstechnik Geithain GmbH for an undisclosed amount.

Both companies are long-time suppliers to ContiTech and allow the Hanover, Germany-based company to “create a new technology center for the blow molding business at Continental,” ContiTech said in a news release.

Inotec specializes in tooling and special machine construction for blow molding, including prototype construction and sampling. PTC is an Inotec supplier of components for machines and blow molding tools.

Jobs at Inotec, based in Kohren-Sahlis, and PTC of Geithain will continue under new ownership.

“The market for plastic charge air hoses and clean air hoses is experiencing rapid growth,” said Joachim Geimer, head of ContiTech’s air induction systems segment. “By acquiring Inotec, we are securing knowledge about processes and tools that we previously sourced outside the company.”

Automotive News, as sister publication of Plastics News, ranks Continental as the third largest auto supplier in the world.


Comments

Auto supplier Continental building 'technology center for blow molding'

PLASTICS NEWS REPORT

Published: April 1, 2014 3:26 pm ET
Updated: April 1, 2014 3:29 pm ET

Post Your Comments


Back to story


More stories

Image

US plastics machinery market still gaining strength in second quarter

September 15, 2014 5:01 pm ET

U.S. plastics machinery shipments in the second quarter continued to outperform activity in 2013, according to data from Society of the Plastics...    More

Image

Vanee Foods adding hot-fill line

September 15, 2014 1:55 pm ET

Vanee Foods Co. expects to have a new hot-fill bottling line operational at its Broadview, Ill., facility by the end of this month.    More

Image

ZF finalizes deal to buy TRW, creating another global auto supply giant

September 15, 2014 1:09 pm ET

TRW Automotive Holdings, in a supply chain megadeal that has been in the works since mid-July, said Sept. 15 it has agreed to be acquired by German...    More

Image

Delphi CEO O'Neal stepping down

September 15, 2014 12:05 pm ET

Delphi Automotive plc announced that Rodney O'Neal will retire as CEO and president on March 1, 2015, ending his 43-year career at the global...    More

Image

Faurecia Seating grows in Kentucky

September 12, 2014 12:00 pm ET

Faurecia Seating LLC, a division of French-based Faurecia SA, will build a new manufacturing facility in Simpsonville, Ky.    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events