Continental Reveals Plans to Build New Headquarters

Renowned tire manufacturer, Continental has revealed plans to build new headquarters. The company’s current premises in Hanover, Germany are not big enough to accommodate the its plans for future growth and Continental is now in the process of searching for a new place to build bigger premises. Many cities, including the city of Hannover have indicated interest in accommodating the tire manufacturer in order to benefit from the company’s local business taxes and new additional jobs that may be created as an outcome of the move. Continental is the largest supplier of OE tires in Europe.

Towns in the running include Garbsen, which is about ten miles northwest of Hannover, and hopes to attract interest with its location that provides easy access to main roads and motorways and its nearness to Hannover airport. It is also only about two miles from from Continental’s Stöcken tire plant, and from 2018 will be housing Leibniz University’s new engineering campus, thus providing a pool of local talent. When it comes to taxes, the town offers lower business taxes than Hannover. There are many greenfield sites that are suitable for building.

Continental is planning to move into its new headquarters by 2021, when the company will be marking its 150th anniversary. The larger facility will need to accommodate 1,250 Continental employees.