To this end, the group sector, which specializes in material-driven solutions, will focus even more strongly on the expansion of its industrial business. ContiTech is also consolidating its automotive business in order to create synergies. The changes will come into effect at the beginning of May 2023. 

With its realignment, ContiTech is laying the groundwork for its transition from a traditional product supplier to a provider of integrated solutions. In addition, the group sector aims to respond in a more integrated way to the constantly changing requirements of its customers in various markets and industries.

“We are enhancing our profile and are becoming more efficient by consolidating our activities. This will increase our competitiveness and create a strong foundation for our future success in terms of earnings and growth,” says Philip Nelles, member of the Continental Executive Board and CEO of the ContiTech group sector, explaining the aim of the realignment. The ambition is clear: “In our industries and markets, we want to be a technological leader for material-driven solutions.” ContiTech serves various markets on and off the road, on rails, in the air, under and above ground, in industrial environments, in the food sector and in the furniture industry.

The realignment has two strategic priorities: “We want to further develop our industrial business and create synergies for our automotive activities,” Nelles continues. This part of the ContiTech business is facing particular challenges due to the current transformation in the automotive industry. The focus is therefore also on increasing speed and efficiency, for example by accelerating decision-making processes, streamlining central functions and reducing hierarchical levels. The reorganization of the group sector is geared to the best possible customer approach in its various markets.