The Kaluga tire factory, which produces Continental AG’s products, was renamed Gislaved. This was announced by the press service of the company.
The capacity of the Gislaved factory in Kaluga is 4 million tires per year and employs more than 1 thousand people. The winter tire range includes the Soft Frost 200 and Nord Frost 200 models and will later include summer tires.
The facility is planned to reach full capacity in 2024 and the staff will be expanded by 10%. The company also plans to increase production on three lines in the premium and mid-price segments currently under development.
In May this year, a German company passed It is under the control of the Russian Cordiant group (part of the S8 Capital holding). The holding purchased the rights to the Gislaved brand, including production technologies and rubber compound formulations, from Continental.
happened before knownContinental plans to cut jobs worldwide.