Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Continental AG    CON   DE0005439004

CONTINENTAL AG

(CON)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Continental : Michelin, Continental and Smag create a joint-venture to develop Rubberway, the smartphone application designed to map sustainability practices across the natural rubber industry

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/12/2019 | 11:18am EDT

Michelin, a world leader in tires and sustainable mobility : Continental AG, a technology company and world leader in tire manufacturing : and Smag, a leading software developer for agriculture, have announced the creation of a joint venture specializing in the development and deployment of technological solution for mapping sustainability practices in the supply chain of natural rubber: Rubberway.

Rubberway is designed in compliance with the objectives of the Global Platform for Sustainable Natural Rubber (GPSNR).

The joint venture is due to begin business before the end of 2019 (subject to validation by the relevant antitrust authorities).

Rubberway is a technological solution that maps and assesses practices and risks regarding environmental issues, social affairs, and Corporate Social Responsibility governance throughout the natural-rubber industry, from rubber-processing plants downstream to plantations upstream. Rubberway will provide its users (tire manufactures) with the collected data and enable them to identify and improve sustainability in the natural rubber chain. .

Indeed, the natural-rubber supply chain-which includes around six million farmers, 100,000 intermediaries and over 500 processing plants-is highly complex.

The technological solution Rubberway-produced in collaboration with the software developer Smag-has been operational since 2017 and is already used in some main production countries (including Thailand, Indonesia, Ivory Coast, Nigeria, Ghana and Brazil).

In this joint venture, Michelin is bringing the rights of use and exploitation, as well as its user experience of it on the ground.

Continental demonstrates its interest in this solution through its investment in the joint venture and, in doing so, is opening up the path to wider use of the application by other tire-makers and car-parts manufacturers, therefore helping accelerate the rise of responsible practices in the natural-rubber industry.

Smag is sharing all its technological and sector-specific expertise in digital solutions for agriculture.

Through this joint venture, the partners are seeking to make Rubberway an independent solution that can be easily used by all the other natural rubber players and working towards making the supply chain more transparent.

(C) 2019 Electronic News Publishing, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CONTINENTAL AG
04:15aFaurecia to Buy Continental Out of SAS JV
DJ
10/11Mexican motor city 'getting desperate' as GM's U.S. strike takes heavy toll
RE
10/09Vitesco Technologies to Supply Groupe PSA, Hyundai With Electric Drive System
DJ
10/09CONTINENTAL : Vitesco Technologies Supplies Electric Drive for New Volume-Produc..
PU
10/08Arm joins with GM, Toyota to find common ground on car chips
RE
10/07WALL STREET STOCK EXCHANGE : U.S. Stocks Set to Open Lower Amid Weak Data, Trade..
DJ
10/07U.S. Futures Slip Amid Weak Data, Trade Doubts
DJ
10/07Global Stocks Mixed as Economic Data Disappoints
DJ
10/07STRONG PARTNERSHIP IN INDIA : Continental Belts Driving Agricultural...
PU
10/02STRONGPOINT : PSI Introduces Qualicision-based Optimization for Industrial Tires..
AQ
More news
Financials (EUR)
Sales 2019 44 515 M
EBIT 2019 3 243 M
Net income 2019 1 874 M
Debt 2019 3 569 M
Yield 2019 3,33%
P/E ratio 2019 11,9x
P/E ratio 2020 9,55x
EV / Sales2019 0,60x
EV / Sales2020 0,57x
Capitalization 23 065 M
Chart CONTINENTAL AG
Duration : Period :
Continental AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CONTINENTAL AG
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 27
Average target price 127,49  €
Last Close Price 114,96  €
Spread / Highest target 56,6%
Spread / Average Target 10,9%
Spread / Lowest Target -27,6%
EPS Revisions
Managers
NameTitle
Elmar Degenhart Chairman-Executive Board
Wolfgang W. Reitzle Chairman-Supervisory Board
Wolfgang Schäfer Head-Finance, Controlling, Compliance, Law & IT
Michael Iglhaut Member-Supervisory Board
Dirk Nordmann Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
CONTINENTAL AG-4.50%25 486
DENSO CORPORATION-1.12%33 550
APTIV40.10%22 099
HYUNDAI MOBIS CO., LTD.--.--%19 193
MAGNA INTERNATIONAL INC.7.97%16 229
WEICHAI POWER CO., LTD.33.33%12 974