On January 17, AA Industrial Belting (Shanghai) Co., Ltd. announced that it will invest RMB 300 Million Yuan to build a new production base in Nanling County, Anhui Province. It will mainly produce toothed belts and light-weight conveyor belts using macromolecular elastomers as raw materials.
The company will newly build two three-meter wide PVC conveyor belt production lines, one logistics conveyor belt impregnation production line and one high-speed toothed precise sorting belt production line.
Investment in the production project will be carried out in two phases. In phase I, the fixed-asset investment is not less than RMB 120 Million Yuan, the occupation of land is 80 mu, and the total construction area is 45,300 square meters; and in phase II, the investment will be determined at the end of December 2020 based on market demand and production scale, and the planned occupation of land is about 50 mu.
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