The purchase of the drive belt manufacturer Roulunds Rubber A/S, Odense, Denmark, by ContiTech AG, Hanover, Germany, has been concluded.
The purchase of the drive belt manufacturer Roulunds Rubber A/S, Odense Odense (ō`thənsə), city (1992 pop. 140,886), capital of Fyn co., S central Denmark, a seaport linked by canal with the Odense Fjord (an arm of the Kattegat). , Denmark Denmark (dĕn`märk), Dan. Danmark, officially Kingdom of Denmark, kingdom (2005 est. pop. 5,432,000), 16,629 sq mi (43,069 sq km), N Europe. , by ContiTech AG, Hanover Hanover, city, Germany
Hanover, Ger. Hannover, city (1994 pop. 524,820), capital of Lower Saxony, N Germany, on the Leine River and the Midland Canal. , Germany, has been concluded. With the purchase, ContiTech will be able to enter the Indian market, while at the same time expanding its share of production in low-cost countries, as Roulunds has plants in Korea, India and China.
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