Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • BEST PLACES TO WORK
  • News
    • HUMANITARIAN
    • TIRE MAKERS
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • MERGERS & ACQUISITIONS
    • OBITUARIES
    • OPINION
    • MID YEAR REPORT
    • SERVICE ZONE
  • ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • Events
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
June 15, 2016 02:00 AM

Conti eyes Hanover site for HQ

Crain News Service
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    HANOVER, Germany (June 15, 2016) — Continental A.G. has identified a site just east of central Hanover as the preferred location for its future headquarters, and has opened negotiations with city officials on acquiring the land.

    Conti is looking at two plots of land, one north and one south of Hans-Boeckler-Allee, near the city's iconic “Pferdeturm,” a 14th century watch tower that once was part of the city's wall. Pferdeturm means “horse tower,” which complements Continental's prancing horse corporate symbol.

    The plots cover a combined area of nearly 405,000 square feet; Conti said it plans to link the two plots structurally should the headquarters be built there.

    Stadt Hannover photo/illustration

    Map showing the general location where Continental wants to build its new headquarters. The yellow street running east-west is Hans-Boeckler-Allee.

    “We are planning to build our new headquarters there in the form of a modern construction with a campus-style design that is a striking feature for both the city and our company and facilitates communication,” according to Elmar Degenhart, chairman of Conti's executive board

    The site will have “reserve space” for potential developments in the future, he added.

    Signalling that the negotiations were on the right track, Hanover Mayor Stefan Schostok said Continental and Hanover belonged together.

    “We will provide professional support in terms of design and construction for all further steps in the creation of modern Continental headquarters in Hanover with an interdisciplinary project team,” Mr. Schostok said.

    Continental announced in February it was scouting for locations to move its corporate function to a new HQ. Five locations in Hanover, as well as a nearby town of Garbsen were on the list.

    (Continental A.G. photo)

    Conti Chairman Elmar Degenhart

    “We made the decision in favor of Hanover after carefully considering all advantages and disadvantages based on important criteria such as costs, transport links and administrative support,” Mr. Degenhart said.

    The two parties hope to conclude the negotiations by year-end, with the transfer of ownership planned for the first quarter of 2017. The move to the new headquarters is to be completed in 2020, in time to coincide with the group's 150th anniversary in 2021.

    Conti said it expects the project, including the acquisition of the plot, construction and interior design, to reach into the high double-digit million dollar range.

    The company told European Rubber Journal in February that it expected to increase the number of its corporate function staff to 1,250 from 750.

    According to Continental, the company's rubber division and ContiTech, which has a plant next to the current headquarters site, will not be part of the move.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Goodyear to trim jobs amid 'uncertain' economic outlook
    2
    Goodyear to upgrade Cooper plant in China
    3
    Executives on the move: Hankook promotes key U.S. positions
    4
    Our View: Early look at tire industry in 2023
    5
    Yokohama secures OE fitments on 2023 Prius models
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • Instagram
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • BEST PLACES TO WORK
    • News
      • HUMANITARIAN
      • TIRE MAKERS
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • MERGERS & ACQUISITIONS
      • OBITUARIES
      • OPINION
      • MID YEAR REPORT
      • SERVICE ZONE
    • ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Resources
      • Events
        • ASK THE EXPERT
        • LIVESTREAMS
        • WEBINARS
        • SEMA LIVESTREAMS
        • RUBBER NEWS EVENTS
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION