Frankfurt am Main, Germany and New Braunfels, Texas – Technology company Continental announced the construction of a new plant in New Braunfels, Texas to expand its capacity for the production of radar sensors.
“Advanced driver assistance systems save lives. Continental is one of the world’s market leaders in this area. We are benefiting from steadily increasing fitment rates in new vehicles. And in the future, too, we are anticipating major growth opportunities,” explained Frank Jourdan, member of the Continental Executive Board responsible for the business area Autonomous Mobility and Safety, the strategic importance for Continental.
“Over the next five years, we are planning further investments in the high triple-digit million Euro range in the areas of assisted and automated driving. The capacity expansion in New Braunfels is part of our growth strategy,” he said. “Between 2015 and 2019, sales more than doubled and we can see good opportunities to expand our market position even further in the future.”
For the construction of the new plant in New Braunfels, Continental plans to invest about €100 million over the next three years. At the 20,000-square-meter site ADAS will be manufactured.
The groundbreaking ceremony is planned for mid-2020, before the scheduled production of radar sensors is planned to start in 2021. This will add another 130 new jobs in the region in addition to the 450 jobs already existing in development and production of driver assistance systems. These figures do not include further expansion stages of the new plant.
To date, Continental produces radar sensors in Seguin, about 25 kilometers from New Braunfels.
Sensors, software and intelligent connectivity form the basis of advanced driver assistance systems. The technology company Continental already began its research on these systems more than 20 years ago. Over the past five years alone, the company has spent a high three-digit million Euro amount on this worldwide.