Production in Waltershausen, Thuringia, to cease by end of 2024
Response to difficult market environment with high competitive and cost pressure
Around 20 employees at the Waltershausen location will be affected by the adjustment
Production of offset printing blankets for the graphic industry will continue
Continental will cease its business in rollers and sleeves for industrial applications, including for the printing industry, by the end of the year. The reason for this decision by Continental’s ContiTech group sector is a market environment that has remained difficult for a number of years due to high competitive and cost pressure. A cost-cutting program initiated in 2021 did not bring the hoped-for turnaround in the product segment. Around 20 employees in Waltershausen, Thuringia, will be affected by the production stop. Just under 1,000 people in total work for Continental in Waltershausen.
The ongoing strained economic situation in the sector prompted management to take this decision. Investigations into alternative approaches failed to produce practicable results. The colleagues directly affected in production and administration were informed of the decision today, September 9. The company is seeking socially compatible solutions for them and has begun talks with employee representatives. "We regret this economically necessary step," says Andreas Bakenhus, head of the Continental Elastomer Coatings business segment in the EMEA region (Europe, Middle East and Africa). "We would like to thank our colleagues who have perseveringly dedicated themselves to the production of rollers and sleeves. Unfortunately, despite our best efforts, the headwinds from the difficult market environment were too strong."
Printing industry remains an important customer group for Continental
Only rollers and sleeves for printing and other industrial applications are affected by the changes to the product portfolio. Other products for the printing industry, such as offset printing blankets, will remain part of Continental’s portfolio. "Despite the obvious challenges, we believe in the future of the printing industry," says Andreas Bakenhus. "That’s why we’re adapting our portfolio to supply our customers with products that are both high-quality and cost-effective."
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