ContiTech boosts range

1527 ContiTech's Transportbandsysteme division is expanding by buying the Moers facility from 6934 Metso. This factory makes the Flexowell and Pocketlift conveyor belts, which used in the extraction industries to transport loose bulk material up steep inclines. The acquisition is a logical one and the ContiTech Conveyor Belt Group is making a strategic move.

Flexowell and Pocketlift conveyor belts will in future be offered by ContiTech and the deal is due for completion on May 1st 2010, although the size of the purchase has not been disclosed. "By doing this we are globally opening up additional markets for ContiTech and are developing our capacities for special conveyor belts", Hans-Jürgen Duensing said, head of the ContiTech Conveyor Belt Group business unit. "The purchase represents the acquisition of additional know-how and numerous special belt patents for ContiTech. This consolidates our market position."