Global mining products and services provider Industrea Limited (IDL) has continued its rapid growth in China, announcing a record $18.8 million order from a new Chinese coal customer. The new order signed with Industrea’s China-based subsidiary Wadam Industries is for the delivery of eight AMT directional drilling and methane gas drainage systems to major Chinese miner Yangquan Coal Industry (Group) Co., based in Yangquan, Shanxi Province. Established in 1950, Yangquan Coal Industry is a diversified business group with more than 128,000 employees spanning the coal, aluminium, electricity, construction and manufacturing industries, with current coal production capacity of 45 million tonnes.
Industrea Managing Director and CEO, Robin Levison, said this latest Chinese equipment order once again proved the value of the company’s investment in the world’s largest coal market, with China’s major miners’ intent on achieving world-class standards of productivity and safety. “Industrea has benefited from its strong relationships and excellent reputation for delivery in China to secure this agreement with Yangquan, picking up the $10 million per month pace of new product orders secured since the start of the 2009/10 financial year,” Mr Levison said. “This is the largest single sale ever secured by AMT and Wadam in China, and we anticipate there are more to come as the nation’s coal miners venture further underground into its gassy coal mines, making our best-of-breed systems indispensable. This industry consolidation has led to a focus on quality, with increasing demand for our leading range of coal mining equipment, including methane gas drainage and collision avoidance systems and longwall roof support carriers.”
Industrea provides integrated mining products and services, including open cut earthmoving and equipment hire, asset management, contracting and engineering services. Industrea’s range of mining products includes open cut Collision Avoidance Systems, Underground Directional Drilling, Aboveground Directional Drilling, Contractor Management, Mobile Asset Tracking and Driver Safety Performance Index, along with a range of flame-proof and explosion-proof underground diesel vehicles for the transportation of people and longwall mining equipment. The company’s products and services are distributed on a wide geographical footprint that includes Australia, USA, South America, South Africa, South East Asia, Russia and China. The company also acts as distributor for global mining suppliers Sandvik Voist Alpine (Scandinavia) and Tagor (Poland).
Tags: IDL, Industrea, Mining Services, New contract
