PUCHOV, Slovak Republic (May 18, 2006) — Continental Matador S.R.O. is expanding capacity at its Puchov truck tire plant, spending $19 million to push output to 2.2 million units annually.
The company, a 76-24 joint venture between Continental A.G. and Matador A.S., is adding a production hall at the factory to accommodate the expanded production. The company did not disclose the size of the new hall or the timetable for completion.
The expansion is the second since the two firms set up the joint venture in 1999. In 2001-02 capacity was doubled to 1.4 million units and the infrastructure improved in a $100 million investment.
The plant makes tires under various names, including Barum, Matador, General, Continental and more.