Conti May Merge Siemens VDO Facilities – Wennemer

According to Continental CEO Manfred Wennemer, the merger of some of the Siemens VDO production plants Conti acquired last year remains a possibility. In an interview with the German business magazine WirtschaftsWoche, Mr. Wennemer said “we have 200 plants in 36 countries. We certainly do not need all of these plants. One has to combine them in order to improve the manufacturing capacity of each of these plants.”

While the CEO did not elaborate on which facilities may be affected, he used the manufacture of airbags as a case in point: “We make airbags in Regensburg and Ingolstadt (Germany), in America, China and South America. We will examine which are the most competitive. And we will decide to produce the airbags there.”