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Former Goodyear Division Forms China Joint Venture

Veyance Technologies Inc., formerly Goodyear Tire & Rubber’s Engineered Products division, has entered into a joint venture with Ruiyuan Rubber and Plastics Co. Ltd. to make conveyor belts in Yanzhou, China.

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Veyance said the new entity, Shandong Aneng Conveyor Belt & Rubber Co. Ltd., is the largest manufacturer of conveyor belts in China, with 20 production lines producing more than 12 million square metres of conveyor belts each year.

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“This joint venture is a perfect fit for Veyance, which introduced the first steel-cable-reinforced belt and produced the strongest and longest steel-cable-reinforced belts currently in use," commented Chris Jones, vice president and general manager of Veyance Asia-Pacific. Jones added that China’s conveyor belt market is undergoing annual growth of 7%. (Tyres & Accessories/Staffordshire, U.K.)

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