HANOVER, Germany-Continental AG plans to scale back production of passenger tires at its 56-year-old Hanover-Stocken plant, reducing annual capacity to 1.85 million units from 3.3 million over the next three years. Though the reduction will be partially offset by increased production of truck and industrial tires, Conti said it expects to cut 190 jobs at the 3,000-employee plant, considered the company's highest-cost production facility in Europe.
Conti Chairman Hubertus von Grunberg also identified three other Conti Group plants in Traiskirchen, Austria, Dublin, Ireland, and Newbridge, Wales, as needing significant
productivity improvements to remain competitive.
Titan buys German wheel plant
QUINCY, Ill.-Titan Wheel International Inc. purchased the manufacturing segment of Metallbau Grasdorf GmbH, a German manufacturer and distributor of wheels and rims for earthmoving and agricultural equipment, for an undisclosed amount.
The new company, Grasdorf Titan GmbH, will become the primary supplier for Titan's facilities in England and Italy, as well as for Metallbau Grasdorf, which will remain a distributor.