Continental plans industrial business expansion

Continental plans to expand its industrial side of the business, with sales possible by 2020, the company announced at Bauma.

Its focus will be on machines and vehicles for construction, agriculture and material handling.

Helmut Matschi, member of the continental executive board, said, “With this in mind, we are consistently working toward our strategic aim of achieving a more balanced customer portfolio across the automotive sector and other industries, and doing an even better job of safeguarding the future viability of the company in the face of possible economic fluctuations.

“We see great opportunities here. Based on current forecasts, we are assuming possible sales potential in the high triple-digit million euro range by 2020."

Meanwhile, the company has also launched a new telematics solution, which it claims keeps fleet managers, drivers, and maintenance teams informed about relevant tire-related data.