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Philippine Belt Manufacturing Corporation was established in 1971 to provide locally-manufactured rubber beltings. It was the first industrial belting company in the Philippines and is now considered as one of the largest producers of rubber belts in Southeast Asia. Philbelt manufactures v-belts, fan belts, flat transmission belts and conveyor belts using Japanese Technology. It forged a licensing agreement with Bando Chemical Industries, Ltd. of Japan for the manufacture of v-belts and conveyor belts. As a result of this partnership, technology and facilities were upgraded. All Philbelt staff and employees were instilled with the awareness of quality and service to meet its clients' standard of excellence. This foresight was rewarded with solid relationships worldwide as it started to export in 1986 to the U.S.A. and the major countries in Asia. From 1986 to present, a dramatic increase in Philbelt exports has been noted ever since it pursued an export-oriented marketing program. History Through the years, Philbelt has maintained the quality and reliability of its products. These are the main factors which make Philbelt a world-class quality automotive and industrial belting supplier in the Philippines and around the globe. 1971 Philippine Belt Manufacturing Corporation was organized by Vicente Hao Chin, Sr. It was the first industrial belting company in the Philippines with a full line of belting products such as v-belts, flat belts and conveyor belts. 1973 Approved as a pioneer preferred investment by the Board of Investments. 1975 Commenced manufacturing operations. 1978 Entered into a joint venture and technical license agreement with Bando Chemical Industries, Ltd. of Kobe, Japan, one of the world's largest belting companies. 1986 Expanded production capacity with BOI incentives for export expansion. 1989 Received quality approval from American Petroleum Institute. 1990 Second expansion program with BOI incentives. Received Class "A" Supplier - Excellent Quality citation from General Electric Company, U.S.A. 1991 Received Supplier of the Month Award from General Electric, U.S.A. Approved as accredited supplier of Toshiba, Japan. Approved by Japan's Ministry of Trade and Industry as a JIS-accredited company. 1994 to 1996 Third expansion program with BOI incentives.