According to Bloomberg news, the German branch of Continental ContiTech (ContiTechdivision) plans to invest 10 million euros (1,346 million) a new factory in Serbia.

     ContiTech company has said the new plant's construction will start in November this year, next year into production, the plant produces automotive industry with a hose pipe. By 2016 the plant will increase the number of employees 300 people.

     ContiTech (ContiTechdivision) is the world's non-tire rubber and plastics technology, the major manufacturers. As a development partner and original equipment manufacturers, the company is committed to the automotive industry, machinery and apparatus manufacturing, rail vehicles and spare parts of various functional systems.