FRANKFURT, Germany (AP) - German auto supplier Continental AG said Tuesday it will build a new plant in China.
Continental said it will build an $89.5 million hydraulic brake plant in Changshu City, northwest of Shanghai, with production expected to begin next year.
Hanover-based Continental said its plant will employ 1,000 workers by 2011 and be inside the Changshu Southeast Economic Development Zone.
''By 2010, we want to double our sales in Asia,'' said Jay Kunkel, president of the company's Asia region. ''The new plant in Changshu will become the key production base of our hydraulic brake products in East Asia.''