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                Stock code:002381

                The Opening Ceremony of Double Arrow 550million Yuan New Plant

                2020-10-28

                On Oct. 27, the opening ceremony of the High Strength, Energy-saving and Environment Friendly Conveyor Belt Project of Tongxiang Desheng Conveyor Belt Co., Ltd. was held in Zhouquan Industrial Zone. Desheng, with a total investment of 550million Yuan and annual production capacity of 12million square meters, is a wholly-owned subsidiary of Zhejiang Double Arrow Rubber Co., Ltd.  


                Double Arrow’s President Mr. Shen Gengliang addressed that: “The project will further optimize Double Arrow's product structure, enhance the competitiveness of conveyor belt, and strengthen Double Arrow’s innovative development, green development, intelligent manufacturing. At the same time, it will also drive the development of related industries, create a large number of new job opportunities, and bring good economic and social benefits.”


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