Siegling GmbH, a subsidiary of the Swedish Forbo group based in Hannover, Germany, has signed a joint venture agreement in Shenyang (China) for the establishment of a company that will manufacture and distribute light-duty conveyor and power transmission belting

Siegling GmbH/Forbo holds 80 per cent and their Chinese partner, the Shenyang general Rubber Belt factory, holds 20 per cent of the company’s capital, which amounts to US$ 6 million. The company, which will trade under the name Forbo Siegling (Shenyang) Belting Co. Ltd., will primarily supply the Chinese market.