RUNDING, Germany (Sept. 8,, 2015) — Continental A.G. will invest nearly $7 million in its A-Z Formen- und Maschinenbau G.m.b.H. machinery- and mold-making unit to build a foundry at the firm's Runding plant to support the production of molds with more detailed treads.
Conti acquired A-Z, which it described as “one of the most technologically skilled producers of molds required for manufacturing tires,” in January 2015 for about $46 million.
The company, a producer of tire molds and containers, tire regroovers and other special machinery, employs about 320 at its plants in Meclov, Czech Republic and Runding. It has been in business since 1965 and now is part of ContiMachinery, a Continental subsidiary based at the Hanover-Stöcken, Germany, industrial park.