Continental To Invest $4M in Indiana R&D Operations
German vehicle technology company, Continental, will be expanding its R&D operations in Indiana. The company will invest over $4 million in its ContiTech Vibration Control business unit.
ContiTech develops products to optimize in-car vibration and noise levels. It also designs sealing systems for applications in chassis, brakes and steering.
Continental says the 100,000 square foot facility in DeKalb County will support technologies that reduce noise vibrations for the automotive and commercial industries. They hope to produce over 45 new jobs by the end of 2023 and be completely set up in the building by the end of 2024.
The Indiana Economic Development Corporation (IEDC) have offered Continental up to $650,000 in conditional tax credits dependant on job creation.
Jim Schellinger, Indiana Secretary of Commerce, said that “Continental’s decision to expand in DeKalb County continues a long-standing trend of German companies picking Indiana for growth.” Around 120 German-based companies have facilities in Indiana, employing over 15,100 workers.