Global mining products and services provider Industrea Limited (IDL) today announced the signing of another $7.5 million worth of China contracts, as the company continues to deliver the leading productivity and safety equipment required for the nation’ s expanding coal producers. Building on its strong established relationship with Chinese coal miner Inner Mongolia Yitai Coal, Industrea subsidiary, Wadam Industries will supply four Australian-built Industrea Mining Equipment (IME) high productivity 40 tonne longwall roof support carriers for a total value of $5 million. An additional $2.5 million worth of contracts for the supply of spare equipment have been signed with Beijing Huajin Wanshun Machinery Co and Jincheng Mining Group, proving the value of Industrea’s recently established product support centre in China and its capacity to deliver new and recurring revenue streams.
Industrea Managing Director and CEO, Robin Levison, said the latest contracts were further validation of the company’s commitment to the Chinese market, and its partnership with the leading producers in boosting productivity and safety across the industry. “Industrea has continued its strong order flows in the new financial year, having announced more than $33 million of new product contracts, or in excess of $10 million per month in sales, to the Chinese market since July 1. At present, there is no sign of this pace slowing,” Mr Levison said. “Major customers such as China Shenhua Energy, which is China’s biggest coal producer, have announced plans to double coal output capacity, and this trend is set to deliver a stream of contract wins to Industrea due to our strong track record and service delivery.” “By deepening existing relationships and also winning new customers across the country, Industrea is set to increase both new product orders along with recurring income streams from training, maintenance, spare parts and other support services in the world’s biggest coal market.”
Industrea subsidiary IME has developed a range of industry leading flame-proof and explosion-proof underground diesel vehicles, including the world’s largest longwall roof support carriers for China Shenhua Energy’s Shendong Mine. The size and complexity of the Australian-built equipment produced by IME continues to set new trends in international underground mining.
Tags: IDL, Industrea, Mining Services, New contracts
