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Veyance Technologies Forms Conveyor Belt Joint Venture with Chinese Manufacturer

Yutung Industrial Limited | Updated: May 27, 2016

YANZHOU, China, Jan. 16 /PRNewswire/ -- Veyance Technologies, Inc., manufacturer of Goodyear-branded conveyor belts, today announced the formation of Shandong Aneng Conveyor Belt & Rubber Co., Ltd., a long-term joint venture between Veyance''s Asia subsidiary and the Yinhe Group''s Ruiyuan Rubber and Plastics Company, Ltd. Shandong Aneng also has a tentative agreement to purchase exclusive rights to the Yinhe Depreux brand in China.

Based in Yanzhou China, Shandong Aneng is the largest conveyor belt manufacturer in China. Its 20 production lines annually produce more than 12 million square meters of high quality fabric- and steel-cable-reinforced rubber conveyor belts, as well as fabric-reinforced PVC conveyor belts.