New deal between Casumina and Continental AG

10:12, 19/12/2005

(ĐN) - The Southern Rubber Industry Company (Casumina) has recently signed a $5 million contract with the Continental AG who is one of the world’s leading suppliers to the automotive industry with extensive know-how in tire and brake technology, vehicle dynamics control, as well as electronic and sensor systems.

(ĐN) - The Southern Rubber Industry Company (Casumina) has recently signed a $5 million contract with the Continental AG who is one of the world’s leading suppliers to the automotive industry with extensive know-how in tire and brake technology, vehicle dynamics control, as well as electronic and sensor systems. With the deal, Continental AG company will consume 100,000 – 120,000 light truck tires supplied from Casumina in the US and European markets. In addition, Casumina has bought liability insurance coverage for each occurrence of an accident to $1 million for personal injury.

On the other hand, the Continental AG has strengthened its position in the ASEAN region by establishing a joint venture together with Malaysian conglomerate Sime Darby Berhad since 2003. The company, operating under the name of Continental Sime Tyre Sdn. Bhd., has two tire plants in Malaysia.

Kim Loan