ContiTech will close the plant to Romania

ContiTech AG closes the production plant induction systems in Nadab, Romania, and transfers it to Carei in the northwest of the country. This decision is caused by "steady decrease" volumes of demand for systems of a fence of air and cooling/heating system because of transition of automotive industry to electric cars, is spoken in ContiTech statement. The translation of productions in other location will be gradually carried out to the middle of 2022. The decision of companies will affect more than 300 employees it will be offered to them to move from Nadab in Brown, and the part will be transferred to production...