ContiTech Invests in Korea

Air Spring Systems

March 2014With its own production site for air spring systems ContiTech DaeWon is expanding its presence in Cheonan.

ContiTech DaeWon Air Springs Ltd. is further expanding its presence in Cheonan. The joint venture is opening its own production site in a new industrial complex. The 5,000 square meters of space here will enable an annual production capacity of 180,000 air springs. The new building took less than six months to construct. The inauguration falls together with the tenth anniversary of the joint venture between ContiTech and automotive supplier DaeWon Kang Up. "The new building clearly says something about the future of our joint venture," says Hannes Friederichsen, head of ContiTech Air Spring Systems. "We have been working together successfully for ten years and have achieved a strong position on the Korean market. With a factory of our own, we intend to further expand the relationships we already have and tap into new business as well."

The location in the industrial complex offers good road links and easy access for customers and suppliers. Together ContiTech and DaeWon Kang Up have invested about 3.7 million euros in the new building. The joint venture was previously housed in a rented factory. Air spring systems produced in Cheonan are used in commercial and rail vehicles, as well as in other industrial applications.

MORE INFORMATION

ContiTech Invests in Korea

Opening ceremony of ContiTech DaeWon: Together with Hannes Friederichsen, Head of the Business Unit ContiTech Air Spring Systems (right), John Regenbrecht, representative of the German Embassy in Korea (third from right), and the management of the joint venture, ContiTech Chairman Heinz-Gerhard Wente (second from right) inaugurated the new production facility in Cheonan.