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Flat belt growth expected.

The various sectors of the US flat belt market are expected to register strong growth rates in 1994, says the Rubber Manufacturers Association's Flat Belt Market Analysis Committee.

In the light weight belting sector, the market will expand approximately 8% in 1994 over the level posted in 1993, setting a new industry record. The committee forecasted a compounded annual growth rate for light weight belt of approximately 3.0% through 1999.

Heavy weight belting is expected to grow at a rate of 6% in 1994 over 1993. The strength in heavy industries such as mining, logging and construction has driven a strong expansion in 1994 for the heavy weight sector. Through 1999 the heavy weight sector will grow at an annual compounded rate of 2.5%.

The power transmission flat belt industry is also on track for healthy growth in 1994, according to the committee, with 1994 coming in around 15.0% higher than 1993. Long term growth through 1999 is comparable with the light and heavy sectors, with transmission flat expanding at approximately a 3.0% annually compounded rate.

The committee expressed a different outlook on the "other" flat belt market, with growth in both the near and long term being quite moderate. Annual growth is expected to maintain a level of about 1.0%.
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Title Annotation:Rubber Manufacturers Association's Flat Belt Market Analysis Committee
Publication:Rubber World
Article Type:Brief Article
Date:Dec 1, 1994
Words:216
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