Qingdao, China – Shandong New Continent Tire (SNC), a fully owned subsidiary of China’s passenger car tire and carbon black maker Shandong Yinbao Tyre Group, signed a contract with Qingdao local authorities in August to build a new conveyor belt plant.
To be located at Xinhe Eco-Chemical Park in Qingdao, Shandong, the plant has a total area of 200,000 square metre with €152 million (1.2 billion yuan) investment earmarked.
The production unit has 100 million sqm/year planned capacity for high tenacity belt and will become "the world’s largest conveyor belt plant", said local authorities. The plant will sell to dozens of overseas markets such as Europe and North America and generate €316 million annual sales when on stream.
SNC already has facilities at its base city of nearby Linyi that have been making passenger car tires under the labels of Comforser and Roadcruza since 2012.
Parent company Yinbao also has another subsidiary Delun Rubber with an ongoing passenger car tire project in Chuzhou Anhui.