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A workshop of Zhejiang Double Arrow Rubber Co Ltd in Tongxiang, Jiaxing, Zhejiang. [Photo/cnjxol.com]

Zhejiang Double Arrow Rubber Co Ltd located in Tongxiang, Jiaxing, Zhejiang was recently recognized as a single-product champion enterprise by the Ministry of Industry and Information Technology.

A single-product champion enterprise is required to focus on a certain link in the industrial chain or a certain product in a field for at least 10 years, and the market share of one of its product must rank among the top three in the world.

Double Arrow's main product, rubber conveyor belts, are not only cold resistant, heat resistant, acid resistant, and alkali resistant, but have also achieved a significant increase in service life and functional range.

Double Arrow has been focusing on the rubber conveyor belt field for 36 years. The company has ranked third in the global market and first in the domestic market for the past 12 years, said Lang Hongfeng, vice general manager of the company.

To help China achieve carbon neutrality and peak carbon emissions, the company has developed long-distance energy-saving and environment-friendly conveyor belts, complex terrain conveyor belts, air cushion conveyors and silent conveyor belts.

In the next three years, the company plans to invest 200 million yuan ($28.66 million) in scientific research to improve the overall transportation efficiency of bulk materials, added Lang.