Continental has announced the construction of a new plant in the city of New Braunfels in the U.S state of Texas. The new building will help it expand its capacity for the production of radar sensors for Advanced Driver Assistance Systems (ADAS).
The company says it plans to invest about €100 million in the plant over the next three years.
The groundbreaking ceremony is planned for mid-2020. The scheduled production of radar sensors is planned to start in 2021.
Frank Jourdan, member of the Continental Executive Board responsible for the business area ‘Autonomous Mobility and Safety’, says: “Over the next five years, we are planning further investments in the high triple-digit million Euro range in the areas of assisted and automated driving. The capacity expansion in New Braunfels is part of our growth strategy.”
He adds: “Advanced driver assistance systems save lives. Continental is one of the world’s market leaders in this area. We are benefiting from steadily increasing fitment rates in new vehicles. And in the future, too, we are anticipating major growth opportunities.”
Karl Haupt, Head of the Advanced Driver Assistance Systems business unit, says:”The new plant in New Braunfels will provide us with a state-of-the-art production facility for our high-tech products, enabling us to continue our growth strategy.”
The new plant will add 130 new jobs in the region in addition to the 450 jobs already existing in Continental’s development and production of driver assistance systems.
Continental says American car manufacturers use its radar sensors for technologies such as emergency brake assist and adaptive cruise control.