The Continental Group in Hanover, Germany, expects to see significant growth in sales for all businesses this year. In order to meet market demand, the Group will recruit more employees.
Continental Group CEO Elmar Degenhart stated that we now have 160,000 employees around the world. Our sales this year will reach at least 29.5 billion Euros (42.1 billion U.S. Dollars). We expect the Company's five major businesses to grow faster than the international average. At the level, the Group will appropriately expand its workforce in accordance with the development of the market.
Degenhart also stated that the growth of the mainland’s business mainly comes from emerging markets such as the BRIC countries (China, Brazil, India, Russia). In 2010, we had sales of 2 billion euros in the Chinese market. We hope to occupy the Asian market in 2015. 30% of sales.
Degenhart finally revealed that in Europe, the core of business growth is: powertrain, security and network system. In recent years, the Continental Group's tire business in the United States has been sluggish, but now we have seen the great potential of the tire market, and after a long period of downturn, it finally made a profit. Our goal is to grow faster than the international market. We are also very confident about this.
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