ASIA’S largest high-end rubber conveyer belt project will start construction in Pingdu and the first phase of construction will be finished in August.

The total investment of the project, invested by Qingdao Universal Belt Co. Ltd., is 600 million yuan and the first phase of the project will start trial operation in August.

The first phase will mainly produce belts used in areas such as metallurgical, coal and chemicals. Its annual production value is expected to reach 600 million yuan and 1 billion yuan when three phases of the project are finished.

 (Wang Yuanyuan, Qian Zhuo)