ContiTech Buys Serbian Conveyor Belt Company Univerzal Kolubara

The ContiTech Conveyor Belt Group, Northeim, has purchased the Serbian conveyor belt company Univerzal Kolubara d.o.o. The acquisition was concluded on April 6, 2009. “This is an important building block in our strategy of establishing a firmer foothold on the Eastern European market. At the same time it guarantees us a stable base for expanding business outside the automotive industry,” noted Heinz-Gerhard Wente, member of the ContiTech AG Executive Board, after the agreement was signed…more at Continental Global