The Continental Group acquired 32 hectares of land from the UMT and Prompt Group, land which represent most of the former UMT industrial platform in Timisoara.

According to ZF estimates, the transaction value amounts to over 60 million euros, given an average price of 200 euros per square meter of land in the area. 

In 18 years of activity in Timisoara, Continental has invested over 460 million euros in its tire factory and has created over 2,500 jobs. Continental Tires Timisoara has produced and delivered up to now 200 million tires to customers in Europe and around the world. (source: zf.ro)