Continental's Decision to Stop Rollers and Sleeves Production Highlights Industry Cost Pressures
Monday, 9 September 2024, 06:53
Continental's Production Closure
German tyre maker Continental announced on Monday that it will stop production of rollers and sleeves designed for printing and various industrial applications. The decision, attributed to rising cost pressures, will take effect by the end of 2024. This drastic measure underscores the current challenges manufacturers are facing in a tough market.
Implications for the Industry
- The halt in production is a direct response to economic pressures.
- Continental’s shift may lead to a ripple effect in the industry.
- Stakeholders are concerned about the impact on supply chains and availability of these components.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.