Semperit sets up JV in China for conveyor belts

ERJ staff report (DS)

Vienna, Austria – SemperTrans, the conveyor belting unit of Semperit AG Holding has completed a joint venture with the Chinese Wang Chao Coal & Electricity Group. Semperit will hold 80% of the shares in the new company, which is in the process of being set up. The registered capital will amount to EUR 20 million.

The joint venture will assume the operating activities of a newly-built conveyor belt plant in the Shandong province, located on Chinese east cost. The plant was recently put…

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