Industrea managing director and chief executive Robin Levison visited China this week for the trade show and inked a contract to deliver subsidiary Advanced Mining Technologies’ directional drilling and methane gas drainage system to Zibo Mining Group’s Tingnan coal mine.
He also signed another $700,000 contract to supply AMT’s gas drainage drill rods to Beijing Huajin Wanshun Machinery.
Under a three-year deal with Hydco, Wadam Industries is now the exclusive distributor for the Perth-made 1200H rig into China and Mongolia.
The rig was launched this year and can perform both RC and diamond drilling.
It has a 12m mast structure capable of 21.5 tonnes of pullback.
Hydco chairman Ross Hutton is expecting strong sales and said Industrea had a reputation for reliability and successful delivery in China.
Levison said Industrea had won more than $36 million of new product contracts with Chinese customers for the current financial year.
“China is the world’s top coal market and, judging from the interest in our exhibition at the trade show, the Chinese coal industry is rapidly gearing up for further expansion,” he said.
“With more than 300 exhibitors from 17 countries attending the show, Industrea is competing in a tough international field but continues to win new orders for its advanced mining productivity and safety equipment.”
Industrea’s partnerships with other mining equipment makers had also put the company in a good position to secure additional streams of revenue for its China product support centre.
Industrea has recently won agreements to exclusively supply Filter Technology Australia’s filtration systems and Marathon’s rubber-liner insertion machines and RL run flat tyre inserts into China and Mongolia.
“When visiting Beijing, it’s hard not to be impressed by the scale of the nation’s rapid industrialisation, and the importance of developing a strong presence in the country for the benefit of not only Industrea, but all our Chinese stakeholders,” Levison said.
Shares in Industrea are unchanged at 45.5c.
