On August 10, the signing ceremony for conveyer belt project of Shandong New Continent Tire Co., Ltd. was held in Pingdu City, Shandong Province. This project has the total investment of 1.2 Billion Yuan, 300 mu of planning land use and up to 180 thousand m2 of overall building area.
The project, led and introduced by Pingdu Chemical Rubber Industry Business Division and participated by Xinhe Eco-chemical Base, adopts the domestic and overseas advanced conveyer belt manufacturing technology and management system and may produce 100 million m2 of high-strength conveyer belt per year and achieve annual output value of 2.5 Billion Yuan after reaching the target capacity.