Construction of Guwei Rubber's 1.2 billion conveyor belt project is in full swing

On October 28, it was reported that in the Wangwa Industrial Park in Pengyang County, the high-intensity precision conveyor belt production project of Guwei (Ningxia) Rubber Co., Ltd. is in full swing.

Project leader Li Mingyu said,"We are going all out to complete the construction of underground infrastructure by the 15th of next month. In June next year, we will complete the installation and commissioning of all equipment and expect to be officially put into production in July." It is understood that the total investment estimate of the project reaches 1.2 billion yuan and will be constructed in two phases. After the completion of the first phase of the project, the area is expected to become the largest single conveyor belt manufacturing base in the country, which can greatly meet the actual needs of Wangwa Coal Mine and surrounding mining enterprises.

According to the Carbon Black Industry Network, after the entire project is completed, it will not only greatly promote local economic development, but also provide about 1300 jobs. The annual output value is expected to reach about 1.4 billion yuan, and the annual full-scale tax contribution is about 106 million yuan.