Original Press Release MS kB ContiTech AG - DOC by benbenzhou


									                                                                  Press Release

ContiTech Beefs Up Industrial Belt
Business on American Market
CRP Industries Inc. sells ContiTech belts for industrial applications
Long-term partnership in the automotive aftermarket  Customers profit
from larger dealer network and technical competence

Cranbury/Hanover, November 2010. The ContiTech Power Transmission
Group, Hanover, Germany, is stepping up its engagement in North America.
Together with its main distributor in the U.S., CRP Industries Inc., Cranbury,
New Jersey, the company intends to further expand its market shares on the
North American continent. In the future the American dealer will also be
handling drive belts for industrial applications. The two companies have been
successfully working together in the automotive aftermarket for over 50 years

From now on North American customers will be able to obtain ContiTech’s full
portfolio of industrial drive belt products through CRP, who will itself be
stocking timing belts. Just this year, CRP opened a new 11,000 m² warehouse
and administration building to keep stride with the company’s relentless
growth. “CRP Industries’ top position on the market offers us an excellent
basis for expanding our market activities,” says Konrad Müller, general
manager at ContiTech Power Transmission Group. “Customers profit from
CRP’s extensive dealer network and its outstanding technical competence
born of years of experience in the field.”

The history of CRP Industries Inc. is closely intertwined with that of ContiTech.
The company is an off-shoot of Conti Rubber Products Inc. Adam T. Schildge
founded the company in 1954 to help establish a foothold in the U.S. for
products from the Hanover, Germany-based component supplier. Today CRP
Industries is managed by the third generation of the family in the person of
Daniel N. Schildge.

The ContiTech Power Transmission Group develops, produces and sells
belts, components and complete belt systems for the automotive industry and
many other industries worldwide. The company offers over 10,000 sizes for
industrial applications alone, including high-performance timing belts, V-belts
and V-ribbed belts.

Caption CT Riemen Industrie.jpg
Strong market presence in North America: In the future the ContiTech Power
Transmission Group will also be selling drive belts for industrial applications
through the American dealer CRP Industries Inc.
Photo: ContiTech

With targeted annual sales of €25 billion for 2010, Continental is among the leading
automotive suppliers worldwide. As a supplier of brake systems, systems and
components for powertrains and chassis, instrumentation, infotainment solutions,
vehicle electronics, tires and technical elastomers, Continental contributes to
enhanced driving safety and global climate protection. Continental is also a competent
partner in networked automobile communication. Continental currently employs
approximately 146,000 in 46 countries.
The ContiTech division holds a global market leadership position for many non-tire
rubber products and is a specialist in plastics technology in the non-tire rubber sector.
The division develops and produces functional parts, components and systems for the
automotive industry and other important industries. The division has a workforce of
approximately 25,000 employees. In 2009, it achieved sales of approximately €2.4

Editorial inquiries to
Anja Graf                                    Mario Töpfer
Vice President Communications                Head of Technical Media Relations
ContiTech AG                                 ContiTech AG
Vahrenwalder Strasse 9                       Vahrenwalder Strasse 9
D-30165 Hanover, Germany                     D-30165 Hanover, Germany
Phone +49 511 938-1190                       Phone +49 511 938-1304
Fax +49 511 938-14025                        Fax +49 511 938-1305
anja.graf@contitech.de                       mario.toepfer@contitech.de
www.contitech.de                             www.contitech.de

Press releases and photos are available on the Web at www.contitech.de/press

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