Veyance Technologies, Inc., manufacturer of Goodyear-branded conveyor belts, has formed 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 a 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.
Veyance’s subsidiary is the majority shareholder in the new joint venture designed to create technology …
