Chemicals & Materials

ContiTech AG

Company Profile Analysis

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ContiTech AG - Chemicals & Materials showcase

Year Founded & Workforce

1870-12-31

243,226 Employees

Industry

Chemicals & Materials

Services

C

ContiTech AG Overview

Company Headquarters: Hanover, Germany

Founded: 1871

Workforce: ~ 243,226

Company Working: ContiTech AG (ContiTech) is a multinational producer and distributor of several systems and functional parts made from rubber, metals, polyamide, and textile. It also offers electronic components for plant and machine engineering, as well as the automotive and mining industries. The company mainly has two groups, namely the rubber group and automotive group, through which it sells its products. The rubber group is further sub-divided into Tires and ContiTech. The ContiTech division is further segmented into seven units. Under the surface solutions unit, ContiTech offers artificial leather. The company has operation in 544 locations in over 60 countries, across regions including North America, Europe, Asia Pacific, and Latin America.

Strategy

ContiTech is focusing on offering better products and solutions with high investments in research and development. The company had invested USD 3.5 billion in R&D in 2018. The company also aims in the global balanced distribution of regional sales, which allows them to be less dependent on individual regional sales markets and prevent the effects of economic fluctuations. This helps them to create equal opportunities in the Asia-Pacific and North America markets while keeping a stronghold in the European market.

Company Snapshot

$44,934.9M

Revenue

243,226

Employees

1870-12-31

Founded

Hanover, Germany

Headquarters

SWOT Analysis

Strengths

  • Wide geographic presence
  • Established distribution channel

Weaknesses

  • Limited product offering

Opportunities

  • New product development

Threats

  • Larger players dominate the market
  • Changing trade policies in the European market

Key Developments

DateApproachDevelopment
December 2018Capacity ExpansionContiTech invested USD 2.5 million to set up a new production unit in Pune, India, which is expected to be functional by 2020. This production facility will manufacture and offer premium materials such as Acella eco artificial leather to the local market.
January 2018Product launchContiTech’s Benecke-Hornschuch Surface Group launched a new laif VyP upholstery material. It is a breathable upholstery material, a hybrid material with a combination of vinyl and polyurethane.
June 2017MergerContiTech merged with Benecke-Kaliko A.G., which develops and manufactures decorative and technical surface materials, which now serves under the Continental brand.

Product Offering

  • ContiTech AG
    • Surface Materials

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles ContiTech AG as part of our ongoing coverage of the Chemicals & Materials sector, drawing on public company data, filings, and market intelligence.

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Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

ContiTech AG

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