Posts Tagged ‘IDL’

ASX Company News: Industrea Secures $22 million Of Chinese Contracts

Tuesday, July 6th, 2010

Global mining products and services provider Industrea Limited (IDL) today announced a further $22.2m of new contracts in China across its Advanced Mining Technologies (AMT) and Industrea Mining Equipment (IME) divisions and the acquisition of a manufacturing business in China.

Industrea’s China-based subsidiary, Wadam Industries, has signed a contract with Shanxi Coking Coal Group International for the supply of 4 methane gas drainage and directional drilling systems incorporating Industrea subsidiary, Advanced Mining Technologies’ market leading drill guidance tool  worth $10.3m over 2 separate shipments, The units will be supplied to Xishan Coal Electricity mine in Taiyuan, Shanxi Province.

Wadam Industries has also entered into contracts for 1 methane gas drainage and directional drilling system being supplied to Shanxi Yangcheng Fu Yan for $3.1m and for  2 Industrea Mining Equipment (IME) 40 tonne roof support carriers to Shandong Guangyu Energy Co for $2.7m.

Longstanding Wadam customer, Jincheng Anthracite Mining Group has also signed contracts for the purchase of a further 3 methane gas drainage and directional drilling systems for $6.1m.

Industrea Managing Director and CEO, Robin Levison, said these latest contracts across the end of the financial year and for the start of FY11 assisted in maintaining the momentum of approximately $10m per month of sales into China. Industrea has also announced signing contracts for the acquisition of a strata support manufacturing business in China. Currently supplying products for underground strata control systems, Industrea plans to expand the newly acquired facility to manufacture a PJ Berriman & Co flameproof and explosion proof personnel and materials vehicle exclusively for the underground coal mining market in China. “Following supply under this latest contract, Jincheng Group will be operating approximately 18 methane gas drainage and directional drilling systems all supplied via Wadam Industries,” Mr Levison said.

www.industrea.com.au

http://www.traderdealer.com.au/Fundamentals/idl

Industrea Secures Another $8.8 million Chinese Contract

Thursday, February 11th, 2010

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).

www.industrea.com.au

Industrea Secures $3.7 million Contracts At Chinese Trade Show

Thursday, October 29th, 2009

Global mining products and services provider Industrea Limited (IDL) has marked its presence at this week’s China Coal & Mining Expo 2009, announcing today the signing of more than A$3.7 million of new product orders along with a new distribution agreement.

Visiting China for the leading tradeshow, Industrea Managing Director and CEO, Robin Levison, signed separate contracts for the delivery of an AMT directional drilling and methane gas drainage system to Zibo Mining Group’s Tingnan Coal Mine in Zibo City, Shangdong Province for A$3.05, along with A$0.7m contract for the delivery of AMT gas drainage drill rods to Beijing Huajin Wanshun Machinery Co. Ltd.

The agreement signed with Hydco International Sales Company Pte Ltd is for a three-year period through to September 2012, and follows recent exclusive distribution agreements in the same market for Filter Technology Australia filtration systems and Marathon RL run flat tyre technology. Attending the opening of the tradeshow in Beijing, Mr Levison said the company had now won more than $36 million in new product contracts to Chinese customers since the start of the new financial year in July.

Industrea Limited is a diversified mining products and services group based in Australia. 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. Our customers include major mining companies BHP Billiton, BMA, Anglo American, Rio Tinto, Xstrata, Barrick, Vale and the major Chinese mining groups, including China Shenhua Energy Company, Jincheng Anthracite Mining Group and Shanxi Asian American Daning Co. Hydco International produces a variety of top head drive exploration drill rigs for the mineral exploration industry. HYDCO rigs have been manufactured by Hydraulic Contracting & Supply Pty Ltd for the Australian and overseas market for over 25 years,

www.hydcointernational.com

www.industrea.com.au

Industrea Ex Dividend On 13/10/2009

Tuesday, September 29th, 2009

Industrea Limited (IDL) will go ex dividend on 13/10/2009. The current dividend payment is 1 cents and it is 100% franked. The record date is 19/10/2009 and the dividend will be paid on 3/11/2009. Based on the full year payment the dividend yield is 2.9%.

*Current Yield: 2.3% Franking: 100% DRP Discount: Not Available

www.industrea.com.au

*Yield has been calculated on the closing price on the 25/9/2009. Current yield is based on the current dividend payment only.

Industrea To Distribute Marathon Tyre Liner In China

Friday, September 25th, 2009

Industrea Limited (IDL) today announced its appointment by Australia’s Marathon Tyres, a subsidiary of Alesco Corporation Limited (ALS) as the distributor in China for its RL (rubber liner) Insertion Machines and RL run flat Inserts, adding to Industrea’s range of leading mining productivity and safety equipment. The exclusive agreement signed with Industrea’s China subsidiary Wadam Industries Pty Ltd is for a three-year period through to September 2012. Manufactured in Newcastle by Marathon Tyres, the reusable rubber inserts featuring internal honeycomb tubes of air, offer significant benefits to the mining industry by eliminating flat tyres, increasing mileage and reducing the risk of accidents.

Industrea Managing Director and CEO, Robin Levison, said the company anticipated strong demand from its clientele of leading Chinese underground coal producers for the new product, which would further strengthen Industrea’s market leadership. “Industrea is determined to stay at the forefront of technological innovation in mining productivity and safety equipment, as shown by our world-leading longwall roof support carriers, underground directional drilling and methane gas drainage and collision avoidance systems. “After extensive research, we chose the Marathon RL run flat Inserts for use in our most technically advanced 80 tonne roof support carriers and 130 tonne Shearer Carriers.  That process led us to further discussions with Marathon Tyres to sell its innovative products into China,” Mr Levison said. “We are delighted to have been appointed the exclusive agent in China for this innovative Australian-made product, which is already being used by several Industrea clients benefiting from our specialist flame and explosion-proof underground mining vehicles. The appointment also provides the opportunity to add to the turnover and profit of our growing product support centre in China without any capital cost.”

Marathon Tyres General Manager, Greg Nesbitt, said the company had selected Industrea based on its strong client relationships in China, local product support and reputation for reliability and successful delivery.

Industrea Limited is a diversified mining products and services group based in Australia. Industrea provides integrated mining products and services, including open cut earthmoving and equipment hire, asset management, contracting and engineering services. The company’s products and services are sold in Australia, the United States, South America, Indonesia, Papua New Guinea, Russia, China, South Africa and New Zealand. The company also acts as distributor for global mining suppliers Sandvik Voist Alpine (Scandinavia) and Tagor (Poland).

www.industrea.com.au

Industrea Secures More Chinese Contracts

Thursday, September 17th, 2009

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.

www.industrea.com.au.

Industrea Ex Dividend On 25/9/2009

Monday, September 14th, 2009

Industrea Limited (IDL) will go ex dividend on 25/9/2009. The current dividend payment is 1 cents and it is 100% franked. The record date is 1/10/2009 and the dividend will be paid on 23/10/2009. Based on the full year payment the dividend yield is 5.2%.

*Current Yield: 2.3% Franking: 100% DRP Discount: Not Available

www.industrea.com.au

*Yield has been calculated on the closing price on the 11/9/2009. Current yield is based on the current dividend payment only.

Industrea Secures Another Chinese Contract

Thursday, September 3rd, 2009

Expanding its Chinese presence, global mining products and services provider Industrea Limited (IDL) today announced a $3.9 million contract to new Chinese customer Inner Mongolia Huineng Group for the delivery of IME 50 tonne longwall roof support carriers. Industrea has now secured around $26 million of new mining productivity and safety equipment orders to China’s expanding coal industry since the start of the 2009/10 financial year, based on the company’s excellent track record in the country, established customer support network and ability to win new clients against tough international competition.

Welcoming another new client to Industrea’s fast-growing Chinese customer base, Industrea Managing Director and CEO, Robin Levison, expressed confidence in further growth in this important market for the company. “The recent stream of contract wins in China has shown that Industrea is firmly embedded in the Chinese coal mining industry as the supplier of choice. Our local subsidiary, Wadam, has established a strong presence on the ground, and our record of successful product delivery and commissioning followed by strong reliability continues to win new orders for our Australian-built equipment,” Mr Levison said. “Working hand in hand with our Chinese partners, we anticipate further contract wins as we deliver the improvements in productivity and safety that are integral to the industry’s future growth.”

China has outlined plans to boost domestic coal production from the 2.6 billion tonnes produced in 2008 to more than 3.3 billion tonnes by 2015, in line with anticipated growth in energy demand. According to media reports, key coal provinces are increasing mine openings to meet the demand following moves to consolidate smaller pits and improve safety.

Since July 2009, Industrea’s new contract wins for the Chinese market have included a $3.1 million directional drilling and methane gas drainage contract for Yang Cheng County; $13.6 million of directional drilling and methane gas drainage systems for the Jincheng and Shanxi Mining Groups; and $5 million worth of contracts for the supply of gas drainage and longwall roof support carriers to Jincheng Group.

www.industrea.com.au

Industrea Share Purchase Plan

Tuesday, September 1st, 2009

Industrea (IDL) announced on the 31/8/2009 that they would be conducting another  Share Purchase Plan to raise additional capital. The record date is the 1/9/2009 on which shareholders must own the share to participate in the SPP. The closing date is 9/10/2009.  Shares will be issued on 15/10/2009 and begin trading on 23/10/2009.   A maximum of $15,000 can be purchased by each shareholder at $0.42 or a 5% discount to the volume weighted average price (VWAP).

Discount : 11.6% Liquidity : Good  Profitability : Good  Stability : Ok

www.industrea.com.au

* Note: Discount is based on the closing price on the 31 August 2009.

Industrea Share Purchase Plan

Tuesday, September 1st, 2009

Industrea (IDL) announced on the 31/8/2009 that they would be conducting another Share Purchase Plan to raise additional capital. The record date is the 1/9/2009 on which shareholders must own the share to participate in the SPP. The closing date is 9/10/2009. Shares will be issued on 15/10/2009 and begin trading on 23/10/2009. A maximum of $15,000 can be purchased by each shareholder at $0.42 or a 5% discount to the volume weighted average price (VWAP).

Discount : 11.6% Liquidity : Good Profitability : Good Stability : Ok

www.industrea.com.au

* Note: Discount is based on the closing price on the 31 August 2009.

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