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Parts maker plans new plant in Tianjin

German auto parts supplier Continental AG plans to invest $80 million in a new factory in Tianjin, authorities of the municipality said on Friday. The factory, scheduled to start operating in 2017, will be located in Tianjin Economic-Technological Development Area, according to the area's management committee. Continental launched a business in TEDA in 2007 producing automotive electronic products for global clients. It expects to be able to produce a greater range of products in China with the new plant.

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