Yinbao subsidiary to build “world’s largest” conveyor belt plant in China

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…

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