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Hamburg and Continental agree on mobility partnership

Joint ITS projects: protection of vulnerable road users and more efficient use of parking spaces​​​​​​​

Today, the Free and Hanseatic City of Hamburg signed a partnership agreement with the technology company Continental on the future development of urban mobility at the World Congress for Intelligent Transport Systems (ITS) in Singapore. Continental has had close links with Hamburg since the acquisition of the Phoenix plant in the Harburg district in 2004. The partners plan to implement joint ITS projects to improve the safety of vulnerable road users and to make the use of parking spaces more efficient. Hamburg will host the ITS World Congress from October 11 to 15, 2021 at the CCH and the trade fair halls a significant milestone in the ITS Senate strategy through to 2030.

Michael Westhagemann, Senator for Economic Affairs, Transport and Innovation, remarked: “We are delighted that more and more technology companies are opting for Hamburg as an innovation location to shape the mobility of the future. Continental is a key partner in the deployment of intelligent transport systems with whose expertise we aim to test out new solutions for improved safety, greater efficiency and reduced emissions.“

Dr. Hermann Meyer, Vice President Smart City Solutions at Continental Interior Systems & Technology, said: “Continental is a provider of mobility services and intelligent transport systems with an extensive product portfolio. We look forward to the partnership with Hamburg as we see the opportunity to deploy some of our solutions there in an innovative environment and in cooperation with other highly dedicated companies.”

One of the planned projects aims to improve road safety. This involves a collision warning system to protect particularly vulnerable road users. Using mobile edge computing, a cloud-based calculation of potential collisions with road users, such as cyclists, pedestrians and e-scooter users, is to be carried out at black-spot crossings in Hamburg and a warning message sent wirelessly in dangerous situations. The ‘mobile edge’ approach drastically reduces response time on the network (latency) and enables road users to communicate with each other via the cloud almost in real time. 

Another area of cooperation envisaged is parking, which is one of the biggest, yet least optimized, fields in urban environments. It takes motorists ten minutes on average to find a parking space, accounting for 30% to 40% of inner-city traffic and creating significant emission of pollutants. The partnership will seek to make the management of the parking facilities available in Hamburg more efficient. Various solutions, such as the sensor-based, in-vehicle detection of available parking spaces, navigation to the nearest parking space or paying for parking spaces both on and off the street, will be examined and implemented if feasible. No infrastructure-related measures are required. E-charging stations, parking spaces for disabled people or other special user group attributes could also be identified by this service.

Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In 2018, Continental generated sales of €44.4 billion and currently employs more than 244,000 people in 60 countries and markets. 

The former Phoenix plant, which was founded in the south of Hamburg in 1856, has been part of Continental since 2004. It manufactures high-quality black and color rubber compounds which are turned into products such as tires and seals. The models of almost all leading automotive manufacturers include components with compounds from Hamburg. The plant with its workforce of roughly 850 manufactures rubber-metal components, air spring systems for trains and commercial vehicles as well as coolant hoses and systems. The modern training center is not only available to Conti­nental trainees, but is also used by other companies in Harburg. Continental also develops components for the automotive industry, special-purpose hose applications and conveyor belting in Hamburg-Harburg. The technology company recently built a state-of-the-art innovation center on the plant site where innovations for the industry of tomorrow will be produced in the future.

Over the course of this development, a close partnership with Hamburg Innovation, Tutech Innovation GmbH and the organization responsible for business development in Hamburg has been formed. 

Hamburg’s ITS strategy and current ITS projects: www.hamburg.de/its

Contact

Susanne Einzinger

Susanne Einzinger Vice President Communications Interior division Siemensstraße 12 D-93055 Regensburg Phone: +49 941 790-5669 E-mail:

Alena Liebram

Alena Liebram External Communications Interior division Phone: +49 6196 87 -2521 E-mail:

Continental

Continental Intends to Spin Off Vitesco Technologies and Reports Key Figures for Third Quarter

  • Spin-off of powertrain business could be approved at Annual Shareholders’ Meeting at the end of April 2020; plans for partial IPO will no longer be pursued
  • Key figures for the third quarter of 2019 in line with expectations; annual outlook confirmed
  • Sales in the third quarter at about €11.1 billion; adjusted EBIT margin about 5.6 percent
  • Adjusted market assumptions result in non-cash impairments of about €2.5 billion in third quarter
  • Impairments and provisions result in a negative reported EBIT and net income in the third quarter and a negative net income for 2019
  • Key elements of 2019 outlook confirmed
  • No material influence on the dividend proposal for fiscal 2019 expected

Hanover, October 22, 2019. In its meeting today, the Executive Board of Continental decided to fully spin off its powertrain business Vitesco Technologies (Powertrain division) with subsequent listing. The company is thus taking the offensive and tackling the accelerating trend toward powertrain electrification. It is also reacting to the at present largely unpredictable conditions for a potential partial IPO in 2020. Continental will therefore no longer pursue the preparation of a potential partial IPO of its powertrain operations, which had originally been considered. Subject to the approval of the Supervisory Board of Continental AG, the spin-off of Vitesco Technologies shall be submitted for decision by the Annual Shareholders’ Meeting on April 30, 2020. It could then take effect within the same year.

“In the coming year, our powertrain business should be given the independence and flexibility it needs for further growth. We firmly believe that, in this way, Vitesco Technologies can continue on its promising and profitable course for the future and assume a leading role in the dynamic market environment for drivetrain technologies,” said Continental CEO Dr. Elmar Degenhart, explaining the decision of the Executive Board.

“Our goal is clean and sustainable mobility. It is therefore natural that we make the heart of every vehicle – its drive system – electric. Subject to the approval of the Supervisory Board, we will have clarity about the path forward and will be able to concentrate on the future. Vitesco Technologies is already a pioneer in the field of electric electrification. We are very well prepared to capitalize on the transition from combustion drives to electric mobility and the corresponding opportunities for growth,” said Vitesco Technologies CEO Andreas Wolf.

Preliminary key figures for third quarter of 2019 confirm expectations

The DAX company also released its preliminary key figures for the third quarter of 2019, which meet current analyst expectations. Consolidated sales in the third quarter were at about €11.1 billion and the adjusted EBIT margin was about 5.6 percent. Sales in the Automotive Group were about €6.6 billion, with an adjusted EBIT margin of about 1.6 percent. This figure includes the provisions for warranty claims of €187 million announced in July 2019. Sales in the Rubber Group were about €4.6 billion and the adjusted EBIT margin was about 12.3 percent.

Key figures for third quarter, Continental Corporation and core business areas

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“Considering the unresolved trade disputes, the unclear situation regarding Brexit, and declining markets, we did reasonably well in the third quarter from an operational standpoint. We thus confirm our annual outlook for sales, adjusted EBIT and free cash flow before acquisitions,” said Continental’s CFO Wolfgang Schäfer, commenting on the key data. He added: “We do not anticipate that global production of passenger cars and light commercial vehicles will experience any material improvement in the next five years, so we have revised our assumptions for the medium-term market development accordingly.”

The assumptions made and adapted as part of the annual planning process led to non-cash impairments of goodwill and other intangible assets totaling about €2.5 billion, which were recognized in the third quarter of 2019. The main reason for this revaluation, which is required by accounting standards, is the revision of market expectations. Furthermore, there were changes in various assumptions, including the assumed long-term growth rates and the discount rate used.

In addition, Continental recognized provisions of €97 million in the first nine months of 2019, which were incurred in the scope of the “Transformation 2019 – 2029” structural program announced on September 25, 2019. Further expenses for restructuring provisions related to this program are expected to be recognized in the fourth quarter of 2019, though the amounts are not clarified at this time.

“Continental has a very sound balance sheet, and it should stay that way in the future. Our structural program will help ensure that. We do not anticipate any material influence on the setting of the dividend for fiscal 2019 as a result of the impairments and expenses. These two special effects will not have an effect on the main elements of our outlook such as the adjusted EBIT, which describes our operating performance,” said Schäfer.

The significant portion of the impairments resulted from the revaluation of goodwill, which primarily stemmed from acquisitions made before 2008. The impairments affect the divisions as follows: Chassis & Safety €724 million, Interior €1,537 billion, and Powertrain €244 million.

The impairments and the restructuring provisions are classified as special effects, and as such, do not have any effect on the adjusted EBIT, which is adjusted for special effects. The reported EBIT, the net income attributable to shareholders of the parent, as well as the equity and gearing ratios are unaffected by these adjustments. The amount of negative special effects anticipated in 2019 will thus also rise to at least €2.8 billion. The expected tax rate will continue to be at about 27 percent, which does not include the effects of the impairments but does include the tax effects from the organizational separation of Vitesco Technologies. All other elements of the previous outlook remain unchanged.

Contact

Henry Schniewind

Henry Schniewind Spokesman, Business & Finance Phone: +49 511 938-1278 E-mail:

Vincent Charles

Vincent Charles Head of Media Relations Phone: +49 511 938-1364 E-mail:

Group Picture

Continental Celebrates Grand Opening of New Mississippi Tire Plant

  • Mississippi Governor Phil Bryant and Continental Executive Board Member Christian Koetz join ceremony
  • Investment will create 2,500 jobs
  • Project is part of Continental’s Tire Division ‘Vision 2025’ growth strategy

 

Hanover/Clinton, October 17, 2019. Continental, technology company and manufacturer of premium tires, celebrated a major milestone for its new tire plant near Clinton, Mississippi, with a grand opening ceremony yesterday. The celebration marks the completion of the construction process, which began in 2016. Approximately 300 guests, including state and local officials, along with community members, customers, and suppliers as well as 250 Continental employees joined the event.

From left: the Honorable Peggy Calhoun, President of the Hinds County Board of Supervisors; Michael Egner, Continental Clinton Plant Manager; Jason Wallace, Continental Tire Clinton Plant employee; Philip Gunn, Speaker of the Mississippi House of Representatives; the Honorable Phil Bryant, Governor of Mississippi; the Honorable Tate Reeves, Lieutenant Governor of Mississippi; Travis Chambliss, Continental Tire Clinton Plant employee; Paul Williams, Continental Executive Vice President of Commercial Vehicle Tires in the Americas; Christian Koetz, Continental Executive Board Member

The new plant is located on a 1,000-acre greenfield site in Clinton, close to Jackson, the capital of Mississippi, United States. Continental expects to employ 2,500 people when the plant reaches full capacity in the next decade. The plant will produce large truck and bus tires for the U.S. market. Production is set to begin in early 2020.

From left: Paul Williams, Continental Executive Vice President of Commercial Vehicle Tires in the Americas; Philip Gunn, Speaker of the Mississippi House of Representatives; the Honorable Tate Reeves, Lieutenant Governor of Mississippi; Michael Egner, Continental Clinton Plant Manager; the Honorable Phil Bryant, Governor of Mississippi; Christian Koetz, Continental Executive Board Member; and the Honorable Peggy Calhoun, President of the Hinds County Board of Supervisors.

Christian Koetz, member of Continental’s Executive Board and Head of the Tire Division, added, “The completion of our new tire plant signifies a major step in our global long-term growth strategy 'Vision 2025' for Continental Tires. Mississippi is a critical part of this strategy, providing the best options for us to enhance the tire business in the Americas region. We plan to grow here together with our amazing team in Clinton and we appreciate the strong support we have received from all stakeholders involved.”

Christian Koetz, member of Continental’s Executive Board and Head of the Tire Division

Continental is a manufacturer of premium tires, including commercial vehicle tires and has seen customer demand in the segment growing globally in the past decade, both in new truck and bus tires, as well as tire retreads. This growth led the company to establish further production capacity in the USA with its new Clinton, Mississippi plant.

Paul Williams, Executive Vice President, Truck Tires at Continental, the Americas region

“This is Continental’s first new plant dedicated to truck tires in the world,” said Paul Williams, executive vice president, Commercial Vehicle Tires, the Americas. “We have seen tremendous growth in this area of our business and the addition of this production facility will help us continue to satisfy customer orders. The state of Mississippi, Hinds County and the City of Clinton have been outstanding partners to help us create this facility, which will provide excellent jobs for the years and decades to come.”

The Honorable Phil Bryant, Governor of Mississippi, speaks at the Continental Tire Clinton Plant grand opening ceremony as Paul Williams, Philip Gunn, and the Honorable Tate Reeves look on.

Contact

Cordula Ressing

Cordula Ressing Head of Communications / Public Relations PLT Phone: +49 511 938-2615 Fax: +49 511 938-2455 E-mail:

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Continental and Spark Racing Technology embark on initial test phase for Extreme E

  • Off-road racing series aims to raise awareness of environmental issues
  • Races will take place in remote locations including desert and rainforest
  • Driver line-up includes Continental’s Swedish test driver Mikaela Åhlin-Kottulinsky


Hanover, 15. October 2019. Testing for the Extreme E off-road electric racing series began earlier this month at the Château de Lastours off-road proving grounds in the south of France. How well the car and tires are working together was one of the questions looked into during the test runs, but the testers were also looking for any potential weaknesses in the electric race car’s physical and technical design, and not least in its motor. The tests lasted several days and were run by tire manufacturer Continental and Spark Racing Technology.


“The off-road conditions here are perfect and the entire team can’t wait to get out there and finally put the cars through their paces,” said Mikaela Åhlin-Kottulinsky, who had a very specific role in the initial test phase in this remote corner of southern France. The Swede comes from a family of successful racing drivers and is the only woman to have won a race in the Scandinavian Touring Car Championship. At the Château de Lastours proving ground, her role was to test Continental’s new high-performance tires. “The tests will show how close we are to achieving our vision of an off-road electric racing series in some of the remotest locations in the world,” she said. “Overall, I’m pretty confident that the results will be positive.” 

Continental became an Official Partner of the Extreme E off-road electric racing series in January 2019. The races will take place all over the world in locations – rainforest, desert, the freezing Arctic, high altitude and ocean islands – that have been chosen to raise awareness of the environmental issues facing humanity. Promoters Formula E Holdings Ltd. expect ten teams to take part in the first season, which is scheduled to begin in December 2020. Continental is already a Founding Partner of the series and will become a Premium Partner in 2021. The technology company will also be equipping all the vehicles involved in the races with tires for the diverse and extremely demanding conditions that they will encounter.

One of the main goals shared by Extreme E’s founders, partners and participants is to raise awareness among spectators of the challenges facing society as a whole, such as climate change, humankind’s interaction with the environment and the protection of threatened animal and plant species. According to Continental’s Extreme E project leader, Sandra Roslan, “This new racing format is an opportunity for us to show that our high-performance tires keep delivering even under extreme conditions. But Extreme E is also a radical new initiative for raising awareness of the challenges facing the modern world. It is this unconventional mix of adrenaline, entertainment and sustainability that makes this series so exciting. That is why we became Founding Partners and sponsors of the series in January and why we are really looking forward to the test phase.”


During the testing, three episodes of Beyond the Extreme were filmed. Providing fascinating behind-the-scenes insights into the world of Extreme E, these short films are presented by test driver Mikaela Åhlin-Kottulinsky and will be available on Continental’s YouTube channel.

Contact

Klaus Engelhart

Klaus Engelhart Press Spokesman Passenger Car / Two-Wheel Tires D/A/CH Phone: +49 511 938-2285 Fax: +49 511 938-2455 E-mail:

Intelligent Intersection

Continental and 3M Partner to Develop Intelligent Infrastructure Technology for Safer Roadways

  • Continental and 3M will further develop infrastructure-to-vehicle (I2V) interfaces
  • This unique collaboration aims to improve overall road infrastructure technology by combining the expertise of both companies
  • The partnership will help increase road safety for all road users in urban and rural areas, and support the continued development of automated driving

Frankfurt am Main, October 15, 2019. Technology company Continental announced today it has entered into a collaborative evaluation partnership with 3M to assess the infrastructure-to-vehicle (I2V) interface between infrastructure-related objects and technologies (including pavement markings, conspicuity film, signs and other landmarks on or near the roadway environment), and vehicle-related technologies.

Today’s current infrastructure is lacking some aspects of consistency, uniformity, performance specifications, and maintenance standards that are important for the industry to optimize the perception and localization capabilities of automated vehicles. While it is clear that infrastructure optimized solutions are not possible in the short term, the long-term goal of the cooperation partners is to find a more balanced solution.

Continental has a long history in automotive safety systems. This extensive know-how, combined with 3M’s innovative expertise and leadership in roadway technologies, enables the two companies to collaborate on improving the current transportation infrastructure and work toward the goal of a more balanced and intelligent infrastructure optimized future solution. The short-term goal is to help increase road safety while continuing to work toward automated driving solutions.

Continental and 3M aim to improve overall road infrastructure technology by combining the expertise of both companies.

 “A major focus at Continental is to ensure our vehicle technology is able to accurately, efficiently and effectively communicate with cities and road infrastructure”, said Ralph Lauxmann, Head of Systems & Technology at Continental's Chassis & Safety Division. “We are excited to partner with 3M to collaborate on improving overall road infrastructure technology to help increase safety and awareness of the environments and obstacles we drive through daily.”

Continental and 3M will collaboratively evaluate the infrastructure and vehicle interface in the following ways: localization and correction services using clear environmental landmarks for locating a vehicle on a high-definition map; identification and classification of objects in urban roadway environments including urban cross-walks, signalized intersections and other stationary and moving objects to improve safety; improved awareness of objects in and around work zones and the status of the work zones; and enhanced object detection using sensor fusion detectable infrastructure-related objects.

“Infrastructure plays a critical role in the safety of all road users including vehicles with or without automated technologies, and vulnerable road users. At 3M, we are dedicated to improving transportation infrastructure and mobility so all road users can arrive at their destinations safely”, commented Dr. Daniel Chen, Vice President and General Manager, 3M Transportation Safety Division. “Our mission of road safety is proving to be more important as modes of mobility are changing and advancing. We are excited to collaborate with Continental on exploring infrastructure solutions that will help governments achieve their vision zero goals.”

Contact

Miriam Baum

Miriam Baum External Communications Division Chassis & Safety Phone: +49 69 7603-9510 E-mail:

Sören Pinkow

Sören Pinkow External Communications Division Chassis & Safety Phone: +49 69 7603-8492 E-mail:

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Vitesco Technologies Supplies Electric Drive for New Volume-Production Models of Groupe PSA and Hyundai

  • First fully integrated electric axle drive system enters volume production in China and Europe
  • Innovative third-generation electric drive system offers outstanding power density
  • Vitesco Technologies’ portfolio focused strongly on electrification and electric mobility

 

Regensburg, October 9, 2019. Vitesco Technologies, the drivetrain business of Continental, today announced it has signed agreements with Groupe PSA and Hyundai to supply the first fully integrated electric axle drive system for various volume-production models. The agreement with two leading OEMs highlights Vitesco Technologies’ position as a pioneer of intelligent customized solutions for all electrification aspects. Production of the new electric drive system at Vitesco Technologies plant in Tianjin, China, has already started.

“I am very excited to announce that two leading vehicle manufacturers have chosen Vitesco Technologies – to produce innovative electric drive unit to power their electric volume-production models,” said Andreas Wolf, CEO of Vitesco Technologies. “Our new integrated axle drive unit and our extensive experience in electrifying drive units have made Vitesco Technologies the partner of choice for carmakers striving to be at the forefront of e-mobility.”

Website Vitesco Technologies

First fully integrated electric axle drive system for various volume-production models of PSA and Hyundai

Groupe PSA has selected Vitesco Technologies’ new electric drive system for its e-CMP modular electric platform, which compact battery electric vehicle models such as the Peugeot e-208 and Opel Corsa-e will be built on. The Hyundai Motor Corporation has made Vitesco Technologies the supplier of choice in China through its joint venture Beijing Hyundai. Two models will be equipped with Vitesco Technologies’ electric drive system: the Encino compact SUV and the Lafesta sedan. In addition, other vehicle manufacturers have chosen Vitesco Technologies to supply drive systems for battery electric cars that are planned to launch over the next 12 months. The innovative electric axle drive system will also power German start-up Sono Motors’ Sion battery electric vehicle. “Electric vehicles are starting to go mainstream – with our sophisticated technology on board”, Wolf said.

Long-standing focus on powertrain electrification

Vitesco Technologies’ electrification track record of more than a decade makes the company a key partner to all major car manufacturers. The company’s long-standing and enduring commitment to pioneering electric mobility solutions started back in 2006. By 2011, this electric drive system was on the market – in the Renault car models Zoe, Fluence and Kangoo. Now, Vitesco Technologies has used its experience and deep expertise in electric drive systems to bring its innovative third generation of its electric axle drive system to market.

Two power ratings and best-in-class power density, size and weight

Based on their expertise in systems and electronics, Vitesco Technologies’ engineers have improved the interaction between the system’s individual components: electric motor, power electronics and transmission. These improvements result in a drive system that is lighter, more compact and cost-effective. The new module – whose electric motor and power electronics are liquid-cooled – weighs less than 80 kilograms. It also features a new transmission-integrated electric parking lock function. Through the intelligent combination and integration of the system’s individual components, it was also possible to remove numerous connectors and cables, cutting costs even further.

“We offer our highly integrated electric axle drive system in power ratings from100 up to 150 kW,” said Thomas Stierle, Head of the Hybrid Electric Vehicle business unit at Vitesco Technologies. “With a maximum output of 150 kW and maximum torque of 310 Nm, the more powerful version is comparable with a conventional 2-liter turbodiesel engine, offering best-in-class power density, size and weight,” he added.

Portfolio focused strongly on electrification and electric mobility

Focus on electrified and all-electric technologies

Vitesco Technologies chose to build this new electric axle drive system in China, currently the world’s largest and fastest-growing market for electric vehicles, and near its customers. This will enable Vitesco Technologies not only to serve its customers better, but also to showcase the Tianjin plant’s experience in the field of electric drive technologies. Highly automated production lines at the plant allow for large production volumes to be built to the highest quality standards.

Today, Vitesco Technologies is one of the few automotive systems suppliers to offer complete electrification systems from a single source. The company’s portfolio ranges from 48-volt electrification technologies and key components for hybrid drives to full battery-electric drive systems.

“We will be focusing our investment strategy even more heavily on electrified and all-electric technologies and channeling more internal resources into these areas. In doing so, we are significantly strengthening our existing high level of electronics expertise," Wolf explained.

Contact

Simone Geldhäuser

Simone Geldhäuser Press Spokesperson Vitesco Technologies Phone: +49 941 790-61302 Fax: +49 941 790-9961302 E-mail:

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© Shutterstock

Strong Partnership in India: Continental Belts Driving Agricultural Machinery from Mahindra

  • Heavy-duty V-belts for water pump, alternator and air compressor drives
  • Continental annually ships around 500,000 locally produced belts for agricultural machinery to Mahindra, the world’s largest volume manufacturer of tractors
  • Heavy-duty V-belts for tough tropical and subtropical climate zones

Hannover, 7 October, 2019. Technology company Continental supplies heavy-duty V-belts ideally suited to the challenges of Indian agriculture to agricultural machinery manufacturer Mahindra to drive its tractors, combine harvesters and their components. Continental sells around 500,000 belts of various types annually to its major Indian customer.

Heavy-duty V-belts specifically designed for high temperatures and harsh conditions

In its tractors, Mahindra uses the raw edge V-belt Conti-V FO mainly for driving the water pumps, alternator and air compressors, while in combine harvesters Conti-V belts are primarily responsible for the main drive, various auxiliary drives and also for the straw management system.

The belts’ specifications mean these are absolutely ideal for the Indian market. “Both have been designed for demanding drives and are proving very suitable in Mahindra’s machines in light of the challenging requirements posed by Indian agriculture,” says Thorsten Schwefe, who is responsible at Continental for technical sales of power transmission belts for the agricultural industry. “One of the measures of good performance is sustained, high power transmission.” The belts also feature excellent temperature resistance – and are therefore designed to cope with operation in tropical zones. Both heavy-duty V-belts are dust-resistant and conditionally oil-resistant.

In tractors the raw edge V-belt Conti-V FO is mainly used for driving the water pumps, alternator and air compressors. © Shutterstock

For technical components such as heavy-duty V-belts, the region-specific weather conditions prevailing in India, which rigorously test both the material and the design, are especially challenging. Particularly as the belts are an important part of the machine’s engineering design and have a significant impact on the vehicles’ overall performance. “The climatic conditions in India make substantial demands on agricultural machines and thus also on the components such as our V-belts. Muddy fields, oppressive heat and a harsh environment mean in particular that maintenance of the belts is not always easy,” declares Schwefe.

Local production enables proximity to the customer and the market

Continental ships around 500,000 belts annually to Mahindra. They are mainly used in tractors and combine harvesters on the Indian market, but also in many other Asian countries, such as China, Indonesia or Thailand. Local manufacturing in Sonepat means not only that Continental can deliver the belts very promptly, but also that in-house experts can provide advice and assistance on the ground: “For our customers, high quality, on-time-to-requirement delivery and a good price/performance ratio are crucial factors. Our ability to manufacture and provide advice locally is the icing on the cake,” emphasizes Schwefe.

Thorsten Schwefe

Another reason for the high demand for components and solutions for the Indian agricultural industry is that fast-growing rice and cereal varieties, often leading to two and three harvests annually, are now commonly planted – calling for an even higher level of technical support. “The Indian market is very dynamic. The agricultural industry there is still in its infancy in terms of technologization and automation. The market has great potential for the future and therefore remains a really exciting prospect for us as a technology company – and not only for belts,” says Schwefe.

This potential relates not just to original equipment. Continental also supplies the Indian agricultural machinery manufacturer with belts for its aftermarket business. “Our partnership with Mahindra is an example of how well their OEM and their aftermarket business can go hand in hand – and how much confidence there is in our products and our local production in India. Because we can operate so flexibly locally, we can guarantee reliable delivery of the belts,” says Schwefe.

Tough climatic conditions make great demands on technical systems

According to the Statista statistics portal, India is the seventh-largest country in the world with an area of 3.3 million square kilometers and has a population of approximately 1.33 billion. Only China, with about 1.4 billion, has an even larger population. Even though the Indian subcontinent is becoming more and more industrialized, agriculture is still a very marked feature of the country. Around half the population work in the sector or are subsistence farmers.

India’s agricultural industry is greatly dependent on the weather conditions, not least on the monsoon that affects the climate in a large part of the country in the period from July to October. The south has a tropical climate, while the rest of the country experiences subtropical weather.

Humid heat, boggy ground and ankle-deep water in which both people and machines are immersed are therefore also defining features of the planting and harvesting of rice, which is the staple food in India and throughout Asia. At the same time, it is just one example of the demanding requirements made of technical systems and workers in the field by Indian agriculture. Because even though India is the second-largest producer of rice in the world, in its more arid regions in particular it mainly grows other crops, such as millet, wheat, pulses, potatoes and fruit. The commonest agricultural machines seen at harvest time are from Mahindra. They are the dominant feature of Indian fields.

Continental belts are making a major contribution to increasing harvest efficiency in India’s agricultural sector, a market that will require further technical solutions in the future.

Contact

Jochen Vennemann

Jochen Vennemann Manager External Communications ContiTech Phone: +49 511 938-18024 E-mail:

Vitesco Technologies CEO Andreas Wolf and CFO Werner Volz

Vitesco Technologies CEO Andreas Wolf and CFO Werner Volz

Vitesco Technologies: New brand identity highlights claim to leadership in clean mobility drivetrain technologies

  • Continental's Powertrain Division becomes Vitesco Technologies
  • CEO Andreas Wolf: "Our goal is clean and sustainable mobility. To achieve it, we turn the central part of a vehicle into a smart and consistently electric one. I am very pleased about our new dynamic brand identity. It underlines claim to leadership in clean drives.”
  • Vitesco Technologies develops and supplys innovative drive technologies for all current and future customer requirements

 

Regensburg, October 1, 2019. A new company is presenting itself in Regensburg: technology company Continental's former powertrain division will now operate under the name Vitesco Technologies, effective immediately. The company, which has been operating independently since January 2019, is now rolling out its new brand identity at its approximately 50 locations worldwide. Starting point is the headquarter of Vitesco Technologies at Siemensstrasse in Regensburg. There, the new logo, with its high recognition value, is clearly visible from the roof. The external appearance is completed by a modern new website as well as a social media presence on various platforms worldwide.

Vitesco Technologies CEO Andreas Wolf during the logo unveiling ceremony

"Our goal is clean and sustainable mobility. That's why we make the core of every vehicle - the drivetrain - smart and electric. I am very pleased about our new dynamic brand identity. It underlines our clear claim to leadership in clean drives, today and in the future," said Andreas Wolf, Chief Executive Officer (CEO) of Vitesco Technologies.

With Vitesco Technologies' autonomy, Continental is reacting to the rapidly changing requirements for vehicle drives affected by radical change. In part the drastic reduction of emissions is at the top of the political and social agenda around the world. Depending on the region, this development progresses at different speeds.

Vitesco Technologies Headquarter in Regensburg

"Flexibility is the order of the day. From a global perspective, all types of drivetrains are in demand. Our mission is to make them all clean, efficient, and affordable. This can be done through consistent electrification. As an independent company we can now respond more quickly and efficiently to the demands of our industry, and better leverage our strengths," Wolf said. We want to play a leading part in the electrification of the drivetrain."

This is what the new name stands for

"Vitesco" derives from Latin "vita" (life). It represents energy, speed, and agility. The addition "Technologies" reinforces the claim as a provider of innovative, pioneering technologies, systems, and services for sustainable mobility. With its flowing shapes, the "Vitesco" logo also stands for passion, dynamism and movement. It represents the counterpart to the "Technologies" addition.

Vitesco Technologies Headquarter in Regensburg

Background

The drivetrain business is currently undergoing the greatest change of all time, but with an estimated 50 percent share of electric and hybrid vehicles by 2030, it offers great opportunities in the field of electromobility. In particular, the mild hybridization of combustion engines will be of enormous importance in the coming years.

Vitesco Technologies has developed broad and comprehensive know-how in the drive sector over decades. This also applies particularly to the rapidly growing electromobility market. Vitesco Technologies is already one of the few system providers able to supply complete electrification from a single source. The portfolio includes innovative and efficient technologies for 48-volt electrification, electric engines, as well as performance electronics for hybrid engines and purely battery-powered vehicles. The competencies developed over decades continue to be part of the core business: electronics, sensors, and actuators. They will continue to be indispensable in all future scenarios of the drivetrain.

In October 2018 Andreas Wolf took over the leadership of the powertrain division - which is Vitesco Technologies today. Previously, Wolf led Continental’s Body & Security business unit. This division tripled its turnover and doubled its margins under his leadership. The two other Vitesco Technologies managing directors, Finance Director Werner Volz (Chief Finance Officer, CFO) and Personnel Director Ingo Holstein (Chief Human Relations Officer, CHRO) both held leading positions at Continental for a long time.


Website Vitesco Technologies

Contact

Simone Geldhäuser

Simone Geldhäuser Press Spokesperson Vitesco Technologies Phone: +49 941 790-61302 Fax: +49 941 790-9961302 E-mail:

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Continental and Hanover University of Applied Sciences and Arts Collaborating on Efficient Intralogistics Processes

  • Cooperation with the SCM (Supply Chain Management) Lab at Hanover University of Applied Sciences and Arts
  • Material flows optimized to achieve efficient operating processes
  • Virtual load scenarios simulated to ensure reliable processes in day-to-day operations

Langenhagen, September 30, 2019. Technology company Continental is collaborating with the SCM (Supply Chain Management) Lab of Hanover University of Applied Sciences and Arts with the aim of achieving ongoing optimization of order handling processes in the company’s Langenhagen-based European Distribution Center located. Up to 160,000 power transmission belts are shipped every day from the warehouse to European automotive aftermarket distributors. “Our goal is to achieve an optimum material flow in our intralogistics systems,” declares Ralf Zempel, project manager in the field of drive component logistics at Continental. “The scientific-based approach optimally complements our day-to-day operations. The students will benefit from the chance to conduct near-market research, while we will be able to share in their results in order to make our operations even more efficient and shorten delivery times.”

Continental completed the commissioning of the state-of-the-art distribution center in September after around one and a half years of construction work. The building complex has 34,000 square meters of floorspace, around 26,000 locations for pallets and a fully automated small-parts store. The company has invested more than ten million euros in the project. The warehouse has already been shipping surface materials for vehicle interiors to the automotive sector since the start of the year. The products for the automotive aftermarket, such as power transmission belts and kits (comprising one or more timing belts and other components), were then added in the summer. 

Continental is optimizing intralogistics material flows in its distribution center.

Simulation of complex, highly dynamic processes

Continental is using the latest digital technologies in the distribution center. “We have a fully automated small-parts store, have installed a new warehouse management system and are using hand and finger scanners that are wirelessly integrated in gloves,” reports Zempel. “If you want to be competitive in today’s market, it’s important to have efficient processes – and these also reduce the staff workload.”

The Hanover University of Applied Sciences and Arts students have been following the commissioning of the new distribution center since the spring. The core questions for them included: How can the most effective order processing design be achieved? Where do critical areas occur? What happens if processes are changed? “Very complex, highly dynamic processes take place in the distribution center,” explains Prof. Christoph von Viebahn from the Business Information Systems department of Faculty IV – Business and Information Systems at Hanover University of Applied Sciences and Arts and adds: “We are able to run the various load scenarios virtually in simulations. Conducting digital trials like this before actual system implementation allows us to ensure that day-to-day operations can be handled smoothly, reliably and quickly.”

Simulation of virtual load scenarios in Continental’s distribution center by Hanover University of Applied Sciences and Arts

Potential for increasing efficiency

Ralf Zempel

The university is also following operational processes in the distribution center and is in close contact with Continental in order to turn its research results into concrete measures. “We have already jointly developed a consolidation concept, i.e. merging the components from various sections of the warehouse,” reports Zempel. “In the future, we will process the individual components making up a consignment in parallel. This means locations will be occupied for shorter periods, the material flow rate will increase, and we will be improve overall performance.” The project manager also places particular emphasis within the logistical processes on the areas of picking, high-bay racking and tugger trains.

The collaborative partners plan to address more complex issues subsequently, such as the addition of further products and customers and continual process improvement – academia and industry operating hand in hand.

Contact

Jochen Vennemann

Jochen Vennemann Manager External Communications ContiTech Phone: +49 511 938-18024 E-mail:

icecontact-3-product-pic

New IceContact 3 from Continental Scores Top Marks in Tests in Sweden

  • IceContact 3 wins winter tire tests conducted by Swedish auto magazines Vi Bilägare and Teknikens Värld
  • Teknikens Värld writes: “Clearly this new tire has raised the bar.”

 

Hanover, September 23, 2019. The results of the first winter tire tests of the year have been published in Sweden and Continental’s IceContact 3 has won them both. As Swedish car magazine Vi Bilägare (issue 12/19) puts it: “Continental has raised winter tire grip to a new level.” The magazine awarded the IceContact 3 top marks on both ice and snow. According to the testers from Teknikens Värld (issue 20/19): “The level of grip served up by the IceContact 3 combined with its good traction and the resultant level of safety is overwhelming. Clearly this new tire with its 192 studs has raised the bar.”

The test line-up comprised 26 winter tires in size 225/50 R 17 from European, U.S. and Asian manufacturers. The test vehicle was a Volvo V60. The IceContact 3, which is manufactured at the Continental tire plant in Korbach, Germany, was specially developed for the cold Nordic climate. The newly developed stud technology goes by the name of ContiFlexStuds and delivers strong grip and much lower noise levels.

Teknikens Värld also ranked last year’s winner – the studless Continental VikingContact 7 – in second place, and had this to say about it: “The VikingContact 7, a tire specially adapted to suit the special Nordic conditions, impressed us with its great grip on snow and ice, and proved a match for the studded tires in our tests.”

Contact

Klaus Engelhart

Klaus Engelhart Press Spokesman Passenger Car / Two-Wheel Tires D/A/CH Phone: +49 511 938-2285 Fax: +49 511 938-2455 E-mail: