On March 5th, 2013, the second Asian supplier day of the Continental Group was held in Shanghai. The theme of the event was “Promote growth and efficiency, and achieve sustainable win-win results”, involving the Chassis and Safety Systems Division and the power of its subsidiaries. About 85 suppliers from the Asia region attended the event in the three departments of the Assembly System Department and the Body Electronic Systems Division.

It is understood that in the past fiscal year, the Continental Group has exceeded its business objectives, and the total turnover has reached a preliminary figure of 32.7 billion euros. Despite the downturn in the European auto market, the company’s sales revenue in 2012 increased by more than 7% to approximately 32.7 billion euros; the adjusted EBIT margin was approximately 10.7%, higher than the 10.1% level last year. According to insiders of the group, the Asian region has made a significant contribution to the increase in profitability in the previous year.

Mr. Jiang Kunke, President of Continental China, said: “The Continental Group’s business in Asia is growing rapidly, but the rapid growth also brings some challenges. Our Asian suppliers will face high quality raw materials, parts and systems, and optimize R&D. And the efficiency of production processes improves efficiency, ensuring reliable supply and long-term challenges, and all prices are competitive internationally. Therefore, we attach great importance to relations with Asian suppliers.”

Continental's business scope covers brake systems, powertrains and chassis systems and components, instrumentation, infotainment systems, automotive electronics, tires and industrial rubber products. The group currently has more than 17,000 employees in 46 countries around the world.

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