Chinese rubber belt maker Sanwei goes public

Sanwei belt factory 2

Taizhou, China – China’s largest rubber belt exporter Zhejiang Sanwei Rubber Item went public on the Shanghai Stock Exchange in December.

Capital raised in the IPO will be pumped into a specialty conveyor belt project with 7 million square metre annual capacity and 183 million yuan (€25 million) investment earmarked, said Sanwei’s prospectus.

The project has received regulatory approval and construction is predicted to take one year to complete.

Set up in 1990 in Taizhou, Zhejiang,…

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