On February 18, Continental Automotive (Wuhu) Co., Ltd., a subsidiary of the Continental Group, held an opening ceremony for the expansion of the second phase of the project. The expansion project includes a new workshop for the production of automotive instrumentation, fuel supply systems and engine execution components, as well as a new logistics warehouse and experimental center building. After the expansion, the entire factory area is approximately 25,000 square meters. Jay K. Kunkel, president of Continental Group Asia and member of the board of the Auto Group, further elaborated on this investment project: “It is predicted that after 2012, one out of every two cars in the world will be produced in Asia, and most of the Asian automobile market will grow. It will originate from China.We recognize the importance of the Chinese market and this expansion project further demonstrates that we take the Chinese market seriously and plan to expand our influence and business scale in China.In addition, Continental plans to sell in Asia in 2013. It will account for 25% of the world, and this investment also reflects our strategy to strengthen our network and manufacturing operations in Asia in order to consolidate our leading position." Continental Automotive Electronics (Wuhu) Co., Ltd. began in August 1995. By the end of fiscal year 2008, it has grown into a company with 1,300 employees and annual sales of RMB 1.7 billion. At present, the company's products mainly include automotive instrumentation and displays, fuel supply systems, engine actuators and commercial vehicle electronic systems. Among them, Continental Group's automotive instrument cluster business ranks first in the world, and it also holds a leading position in the Chinese market. Alloy Steel Pipe,Alloy Seamless Steel Pipe,4140 Seamless Tubing,Low Alloy Steel Pipe Shaanxi Jiade Import And Export Co., Ltd , https://www.jdsteeltube.com