Former Tyremaker Signs China Conveyor Belt JV

The Sempertrans division of Semperit AG Holding has signed a joint venture contract with China’s Wang Chao Coal & Electricity Group to produce conveyor belts in Shandong Province. In the medium term around 15,000 tonnes of conveyor belts will be produced at the site, enabling the former tyre manufacturer to gain a foothold in the world’s largest market for these products. Semperit ceased producing tyres in 1985 when it sold the rights to the Semperit brand name to Continental.