Zhejiang Double Arrow Rubber

What Zhejiang Double Arrow Rubber does

Zhejiang Double Arrow Rubber Co., Ltd. (浙江双箭橡胶股份有限公司) is a publicly listed Chinese industrial manufacturer (Shenzhen Stock Exchange: 002381) founded in 1986 and headquartered in Tongxiang, Zhejiang Province, with approximately 2,000 employees. The company produces a comprehensive portfolio of roughly 27 rubber conveyor belt product types under the DOUBLEARROW (双箭) brand, including steel cord belts, fabric core belts, tubular enclosed belts, aramid belts, low rolling resistance energy-saving belts, and specialty variants (flame-retardant, heat-resistant, oil-resistant, cold-resistant down to -60°C, acid/alkali-resistant). These products serve mission-critical material handling in coal mining, ports, power generation, metallurgy, cement, and chemical industries, both domestically and across five continents.

The company's competitive position rests on proprietary rubber compounding (LRR/SLRR/FLRR formulations co-developed with a US conveyor dynamics firm delivering 15-25% energy reduction), patented anti-tear steel cord structures, and scale operations spanning 440,000 sqm of facility area. It is a main draft unit for Chinese conveyor belt national and industry standards and Vice President unit of the China Rubber Industry Association. Smart manufacturing is concentrated in subsidiary Zhejiang Taisheng Intelligent Conveyor Technology (established 2022), a designated Zhejiang Future Factory and 5G Full-Connected Factory. Certifications include ISO 9001/14001/45001/50001, National Green Factory, dual Carbon Neutral Factory/Product, CNAS laboratory accreditation, and AEO Advanced Customs certification.

The business model is B2B industrial: custom-manufactured conveyor belts sold via direct enterprise field sales to large customers (CNOOC, Holcim, Dazhong Mining, major ports, power plants) plus channel partners for domestic distribution and overseas markets through the wholly-owned Australian subsidiary. Pricing is quotation-based with multi-year contract cadence; exports represent 30%+ of revenue across 30+ countries. Revenue is also supplemented by an elderly care subsidiary (Tongxiang Heji Senior Care Home, est. 2012) and regional investment holdings, though the conveyor belt business remains the core identity and growth focus under new leadership installed at the 40th anniversary in early 2026 with stated 'dual hundred million' revenue targets.

Name

Zhejiang Double Arrow Rubber

Legal name

浙江双箭橡胶股份有限公司

Website

https://doublearrow.net

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Zhejiang Double Arrow Rubber (SZSE: 002381) is a Chinese public manufacturer of industrial rubber conveyor belts founded in 1986, serving coal mining, ports, power generation, metallurgy, cement, and chemicals customers across five continents with a 30%+ export mix.

Ownership category

akta.pro rank

Product category

Industrial Rubber Conveyor Belts

NAICS

Rubber and Plastics Hoses and Belting Manufacturing (326220), Rubber and Plastics Hoses and Belting Manufacturing (32622)

SIC

Gaskets, Packg & Sealg Devices & Rubber & Plastics Hose (3050)

akta.pro primary industry

Industrial Belting (Conveyor, Power Transmission) (IMANALAB)

akta.pro secondary industry

Industrial Belting, Conveying & Power Transmission Textiles (Conveyor/Drive Belts/Hoses Reinforcement) (IMAOADAG)

Keywords

• Rubber conveyor belts
• Steel cord belts
• Flame resistant belts
• Industrial material handling
• Tubular conveyor belts

Headquarters

HQ city

Tongxiang

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Conveyor Belt Product Sales: Direct manufacture and sale of rubber conveyor belt products including steel cord belts, fabric-core belts, aramid belts, and specialty belts (flame-retardant, heat-resistant, oil-resistant, acid-alkali resistant, cold-resistant). Products sold domestically and exported to five continents.
2. Intelligent Manufacturing Subsidiary Revenue: Revenue from subsidiary Zhejiang Taisheng Intelligent Transmission Technology (台升智能) which operates as a smart manufacturing facility producing high-performance conveyor belts with 5G-connected production systems.
3. Healthcare/Elderly Care Services: Operating subsidiary Tongxiang Heji Elderly Care Home (桐乡和济颐养院), established in 2012, generating service revenue from elderly care services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Zhejiang Double Arrow Rubber manufactures and sells "DOUBLEARROW" brand industrial rubber conveyor belts, including steel cord, fabric core, tubular, aramid, and a range of specialty belts (flame-resistant, heat-resistant, oil-resistant, acid/alkali-resistant, cold-resistant, tear-resistant, patterned, sidewall) for material handling in coal mining, ports, power generation, metallurgy, cement, and chemical industries. The products are custom-manufactured for high-strength, long-distance, and high-capacity bulk material transport, with proprietary low-rolling-resistance formulations that reduce conveyor system energy consumption by 15-25%.

Product overview

Zhejiang Double Arrow Rubber (浙江双箭橡胶股份有限公司) manufactures a comprehensive portfolio of rubber conveyor belt products under the '双箭' (DOUBLEARROW) brand, established in 1986 and listed on the Shenzhen Stock Exchange (002381). The product line centers on industrial rubber conveyor belts with approximately 27 distinct product types: steel cord conveyor belts (钢丝绳芯输送带) serving high-strength, long-distance applications in coal, mining, ports, and power sectors; fabric core conveyor belts (织物芯输送带) for medium-to-long distance transport; and tubular conveyor belts (管状输送带) for enclosed transport of powder and granular materials. The portfolio includes specialized variants addressing extreme conditions — cold-resistant (耐寒, down to -60°C), acid/alkali-resistant (耐酸碱), oil-resistant (耐油), and high-temperature-resistant (耐高温) formulations — as well as energy-saving low rolling resistance belts (低滚动阻力节能输送带) that reduce conveyor system energy consumption by 15-25%, tear-resistant steel cord and fabric core belts with embedded steel mesh or aramid reinforcement, and PVC/PVG solid core flame-resistant belts for underground coal mining. The company also produces pattern/conveyor belt variants including sidewall (挡边输送带, up to 90° inclination), patterned (花纹输送带, up to 40°), and SW straight-warp belts. A significant focus is placed on green manufacturing with energy-efficient and carbon-neutral products, complemented by an IOT-enabled monitoring system (via coil-based sensing coils for belt deviation and damage detection). The products serve industries including power, ports, metallurgy, mining, cement, chemical, and coal.

Differentiator

Problem solved

Functional benefit

Products and services

• Steel Cord Conveyor Belt (钢丝绳芯输送带) Steel cord conveyor belt for high-strength, long-distance, large-capacity material transport in coal, mining, ports, metallurgy, power, and chemical industries. Uses high-strength steel wire rope core with galvanized coating and proprietary rubber adhesion technology, with X-ray inspection capability for quality control.
• Low Rolling Resistance Energy-Saving Conveyor Belt (低滚动阻力节能输送带) Energy-saving conveyor belt using proprietary LRR/SLRR/FLRR rubber compound formulations developed in collaboration with US conveyor dynamics company. Designed for medium-to-long distance material transport in mining, ports, power, metallurgy, and coal industries. Reduces conveyor system energy consumption by 15-25% compared to conventional belts.
• Steel Cord Tubular Conveyor Belt (钢丝绳芯管状输送带) Steel cord tubular conveyor belt with steel wire rope skeleton and high-elasticity, high-wear-resistant rubber cover that transforms from flat to U-shape to enclosed tube. Enables sealed transport of powder and granular materials with inclination angles up to 30 degrees, used for enclosed dust-tight material handling.
• Tear-Resistant Steel Cord Conveyor Belt (防撕裂钢丝绳芯输送带) Steel cord conveyor belt with laterally arranged high-elongation steel cords or high-strength aramid cords as a tear-resistant layer perpendicular to the running direction. Effectively prevents tearing from sharp hard objects during transport in mines, ports, metallurgy, building materials, and coal applications.
• IWSW Integrated Steel Mesh Conveyor Belt (IWSW整体钢网输送带) Integrated woven steel mesh conveyor belt with exceptional tear resistance and anti-penetration properties and excellent heat resistance. Suitable for ore handling, quarries, coal yards, metallurgy sintering, and high-curvature bucket wheel reclaiming applications.
• Cold-Resistant Steel Cord Conveyor Belt (钢丝绳芯耐寒输送带) Steel cord conveyor belt with natural rubber and butadiene rubber blend cover offering high elasticity, impact resistance, and cold resistance down to -60°C. Designed for material transport in cold regions, outdoor cold environments, and cold storage facilities.
• Acid/Alkali-Resistant Steel Cord Conveyor Belt (钢丝绳芯耐酸碱输送带) Steel cord conveyor belt with acid/alkali-resistant cover coating providing excellent chemical corrosion resistance and physical properties. Designed for chemical plants, fertilizer plants, and paper mills transporting acidic or alkaline corrosive materials.
• Aramid Conveyor Belt (芳纶输送带) Lightweight aramid conveyor belt combining high-strength, lightweight aramid cord materials with nylon transverse protective layer and multi-functional cover compounds. Straight warp structure features low energy consumption, impact resistance, high heat resistance, fire resistance, and corrosion resistance with optimized single-layer design.
• Fabric Core Tubular Belt (织物芯管状带) Fabric core tubular conveyor belt using EP/NN canvas as skeleton with high-elasticity, high-wear-resistant rubber as working surface. Transforms from flat to U-shape to tube for enclosed transport of powder and granular materials with 30-degree inclination capability.
• PVC/PVG Solid Core Flame-Resistant Conveyor Belt (PVC/PVG整芯阻燃输送带) Solid core PVC/PVG flame-resistant conveyor belt for coal mine underground use, meeting MT914-2008 standard. PVC type with PVC cover thickness ≥0.8mm for inclines <16°; PVG type with rubber and PVC combined cover thickness 1.5-4.5mm for inclines <20°. Features flame-retardant and anti-static properties.
• SW Straight Warp Conveyor Belt (SW输送带) Straight Warp conveyor belt with thin core using single or double layer structure reducing total thickness by 7-17%. Features high strength via high-denier fiber weaving, excellent toughness for impact absorption, and suitability for large drop height and high-speed material transport.
• Flame-Resistant Steel Cord Conveyor Belt (阻燃钢丝绳芯输送带) Flame-resistant steel cord conveyor belt for explosion-proof material transport especially in coal mine underground use. Combines high-strength steel cord features with flame-retardant safety properties for hazardous environments.
• General Purpose Fabric Core Flame-Resistant Conveyor Belt (一般用途织物芯阻燃输送带) General purpose fabric core flame-resistant conveyor belt for above-ground coal washers, power plants, and non-coal underground mining. Made of nylon or polyester canvas, safety compliant with GB10822 standard.
• Coil Anti-Tear Steel Cord Conveyor Belt (线圈防撕裂钢丝绳输送带) Coil anti-tear steel cord conveyor belt with embedded sensing coils that trigger automatic shutdown and alerts when foreign objects penetrate or belt deviation occurs. Designed for long-distance block material transport in mines, ports, and power industries.

Quantifiable outcome

• 15-25% energy consumption reduction achieved through low rolling resistance conveyor belt technology, proven in actual transport lines
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Twelve partnerships are on record, tiered flagship, core and minor.

• Holcim Group (豪瑞集团)flagshipStrategic or Co-development Partner · 18 June 2026Global building materials giant engaged in high-frequency, multi-level two-way cross-border exchanges with Double Arrow. Includes Morocco market cooperation, product localization for overseas markets, and strategic collaboration deepening. Holcim has established long-term strategic cooperation framework with Double Arrow for global building materials conveyor belt supply and customized product development.
• Dazhong Mining (大中矿业)coreStrategic or Co-development Partner · 6 May 2026Nearly decade-long strategic partnership. Double Arrow recognized as strategic supplier and strategic partner. Cooperation focuses on mining material transportation systems, green intelligent conveyor solutions, customized system solutions. Shared commitment to industry transformation toward green, intelligent, efficient operations.
• CNOOC China (中国中煤能源集团有限公司)flagshipStrategic or Co-development Partner · 1 October 2025Over 20-year strategic partnership supplying conveyor belts for CNOOC's Jinlong coal transport line. 50km total belt supply, 8+ years continuous operation. Double Arrow rated as only conveyor belt enterprise to receive CNOOC 'Excellent Supplier' designation in 2025.
• China Port Association (中国港口协会)coreStrategic or Co-development Partner · 1 January 2025Double Arrow participated in China Port Association Science and Technology Award program as the only conveyor belt enterprise award winner. Project 'Port Dry Bulk Long-Distance Green Intelligent Conveyor Technology Research and Application' won Second Prize for Scientific Progress with 20 IP rights developed.
• China Unicom (中国联通)coreTechnology or Integration · 1 January 2025Strategic cooperation for 5G network deployment at Taisheng Smart factory. China Unicom deployed 5G independent private network covering entire factory with 99.99% reliability and <18ms latency, supporting over 100,000 device concurrent connections per square kilometer.
• Huaneng Group (华能集团)coreStrategic or Co-development Partner · 1 January 2025Double Arrow received thank-you letter from Huaneng Group Materials Supply Center recognizing excellent conveyor belt supply cooperation and service quality.
• Zhejiang University EMBA Finance Association (浙大EMBA金融协会)minorStrategic or Co-development Partner · 1 January 2024Academic-industry cooperation platform linking financial academic resources with manufacturing industry. Focus on financial empowerment for high-quality manufacturing development, industrial chain integration, and risk management for Double Arrow.
• Zhejiang Taisheng Intelligent Transmission Technology (浙江台升智能输送科技有限公司)coreStrategic or Co-development Partner · 1 January 2022Subsidiary established 2022 for smart conveyor belt manufacturing. Named as Zhejiang Future Factory 2025, 5G All-Connected Factory. Leading intelligent manufacturing subsidiary.
• Tongxiang Desheng Belt Co (桐乡德升胶带有限公司)coreStrategic or Co-development Partner · 1 January 2021Manufacturing subsidiary that commenced production in 2021, expanding production capacity. Also known as De Sheng manufacturing division.
• Zhejiang Huanneng Transmission Technology (浙江环能传动科技有限公司)minorStrategic or Co-development Partner · 1 January 2020Controlled subsidiary acquired 2020, integrated into conveyor belt manufacturing operations.
• Tongxiang Heji Elderly Care Home (桐乡和济颐养院)minorOthers · 1 January 2012Subsidiary established with 80 million RMB investment in 2012 for elderly care services, diversified into healthcare sector beyond core conveyor belt business.
• Yunnan Red River Double Arrow Investment (云南红河双箭投资有限公司)minorOthers · 1 January 2012Investment subsidiary established 2012 for regional investment activities.

Scale indicators12 records

Recent moves14 records

Expansion highlights5 records

Direct peers

• Sempertrans (Semperit): Sempertrans, part of Austrian Semperit Group, manufactures textile and steel cord conveyor belts for mining, cement, steel, and power industries. Direct competitor with a similar specialty-belt positioning (flame-resistant, heat-resistant, energy-saving) and comparable Chinese market presence.
• Fenner Dunlop (Michelin): Dunlop Conveyor Belting, now part of Michelin, is one of the world's largest conveyor belt manufacturers serving coal mining, ports, and bulk material handling. Direct competitor to Double Arrow with comparable steel cord and fabric core product lines, premium positioning, and global export footprint.
• Yantai Huatian Rubber: Chinese conveyor belt manufacturer producing steel cord and fabric core belts for coal mining, ports, and power industries. Direct domestic competitor with overlapping product portfolio and customer base.
• Zhejiang Eastasia Rubber: Chinese rubber conveyor belt manufacturer based in Zhejiang, competing directly with Double Arrow in domestic steel cord and fabric core belt markets for coal mining and industrial material handling.
• Shandong Aneng Conveyor Belt: Shandong Aneng is a major Chinese conveyor belt manufacturer producing steel cord and fabric core belts for coal mining, ports, and power. Domestic direct competitor with similar product portfolio and competing for the same Chinese SOE customers (coal mines, power plants).

Broad incumbents

• Habasit: Swiss global leader in fabric-based conveyor and power transmission belts, with strong presence in logistics, food, and industrial applications. Overlaps with Double Arrow's fabric core and specialty belt segments though Habasit focuses more on lighter-duty applications.
• ContiTech (Continental): Continental's ContiTech division is a global leader in industrial rubber products including conveyor belts for mining, ports, and bulk handling. Directly comparable to Double Arrow across the same end markets and product categories (steel cord, fabric core, flame-resistant), but operates as part of a broader diversified industrial portfolio.
• Forbo Movement Systems: Swiss manufacturer of fabric-based conveyor belts for logistics, airports, and industrial processing. Comparable in woven/fabric core technology and specialty belt categories though heavier focus on light-duty and service industries than Double Arrow's mining/port focus.
• Bando Chemical Industries: Japanese industrial rubber products maker with a conveyor belt and power transmission belt business. Comparable in product technology (specialty compounds, aramid reinforcement) though more diversified into automotive and power transmission products.

Others

• CNOOC Energy Technology & Services: CNOOC is a customer of Double Arrow rather than a competitor, but as the largest coal-energy SOE in China and Double Arrow's flagship 20+ year partner, it represents an important comparable end-market and strategic reference point for understanding belt procurement dynamics in the Chinese resource sector.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/double-arrow-conveyor-belt

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zhejiang Double Arrow Rubber