Argentina: Imperial Cord to manufacture motorcycle tires with Continental Tire Germany

Posted on August 21, 2012 • Filed under: Argentina, Business

Cord Imperial Invest $ 10M in motorcycle tires factory

The company announced today that Imperial Cord closed an agreement with the German company Continental, with the goal of returning to manufacture tires for motorcycles in the country, after 25 years. That will be invested 10 million pesos, which will replace 15 percent of imports of these products exported to the region and create 100 new jobs, 80 of them directly. Débora Giorgi, Minister of Industry, announced today that the agreement is part of the work being done in the automotive value chain auto parts, to promote import substitution in the field of motorcycles and agricultural machinery. Read Article

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